Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
S&P GSCI BEAN OIL INDEX TOTAL RETURN (CME:SPGSBOTR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SPGSBOTR
The long term trend has been UP since Oct 2nd, 2018 at 77.74142
The intermediate term trend has been UP since Sep 27th, 2018 at 75.92401
The short term trend has been DOWN since Oct 18th, 2018 at 76.95083
Smart Scan Analysis for SPGSBOTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSBOTR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||96.06004||52wk High Date||2017-11-09|
|52wk Low||71.11554||52wk Low Date||2018-09-19|