Index Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
S&P GSCI BIOFUELS EXCESS RETURN USD (CME:SPGSBFP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPGSBFP
The long term trend has been DOWN since Dec 14th, 2016 at 65.9589
The intermediate term trend has been UP since Feb 6th, 2018 at 53.1452
The short term trend has been DOWN since Feb 16th, 2018 at 52.2061
Smart Scan Analysis for SPGSBFP
Based on a pre-defined weighted trend formula for chart analysis, SPGSBFP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||69.7203||52wk High Date||2017-02-22|
|52wk Low||51.0612||52wk Low Date||2018-01-18|