Index Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
S&P GSCI BEAN OIL INDEX TOTAL RETURN (CME:SPGSBOTR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 SPGSBOTR
The long term trend has been DOWN since Oct 2nd, 2017 at 87.75269
The intermediate term trend has been DOWN since Nov 14th, 2017 at 92.28821
The short term trend has been DOWN since Dec 13th, 2017 at 89.66423
Smart Scan Analysis for SPGSBOTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSBOTR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||104.0529||52wk High Date||2016-12-15|
|52wk Low||84.58643||52wk Low Date||2017-06-05|