Index Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
S&P GSCI BIOFUELS TOTAL RETURN USD (CME:SPGSBFTR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPGSBFTR
The long term trend has been UP since Oct 12th, 2018 at 51.1787
The intermediate term trend has been UP since Jan 18th, 2019 at 50.5264
The short term trend has been UP since Jan 15th, 2019 at 50.3618
Smart Scan Analysis for SPGSBFTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSBFTR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||58.874||52wk High Date||2017-11-30|
|52wk Low||46.4247||52wk Low Date||2018-09-18|