Index Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
S&P GSCI BEAN OIL INDEX SPOT (CME:SPGSBO)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPGSBO
The long term trend has been DOWN since Oct 2nd, 2017 at 159.3827
The intermediate term trend has been DOWN since Jun 14th, 2018 at 149.8187
The short term trend has been UP since Sep 20th, 2018 at 136.6977
Smart Scan Analysis for SPGSBO
Based on a pre-defined weighted trend formula for chart analysis, SPGSBO scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||174.1205||52wk High Date||2017-11-09|
|52wk Low||132.925||52wk Low Date||2018-09-19|