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Index Trend Analysis Report

Prepared for you on Tuesday, November 20, 2018.

S&P GSCI BEAN OIL INDEX SPOT (CME:SPGSBO)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

CME_SPGSBO
Open High Low SPGSBO Price Change
134.8359 135.1788 134.7379 135.0318 +0.1959
Entry Signal

MarketClub’s Trade Triangles for SPGSBO

long term up The long term trend has been UP since Oct 3rd, 2018 at 145.9579

intermediate term down The intermediate term trend has been DOWN since Oct 23rd, 2018 at 141.0583

short term down The short term trend has been DOWN since Nov 13th, 2018 at 135.8060

Smart Scan Analysis for SPGSBO

Based on a pre-defined weighted trend formula for chart analysis, SPGSBO scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SPGSBO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
134.8359 135.1788 134.7379 135.0318 +0.1959
Prev. Close Volume Bid Ask Time
134.7379 0 2018-11-20 20:40:25
52wk High169.916752wk High Date2017-11-30
52wk Low132.92552wk Low Date2018-09-19
Want to analyze S&P GSCI BEAN OIL INDEX SPOT SPGSBO or another symbol? Try our Free Index Trend Analysis Report.