Index Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
S&P GSCI BRENT CRUDE INDEX TOTAL RETURN (CME:SPGSBRTR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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.
MarketClub’s Trade Triangles for SPGSBRTR
The long term trend has been UP since Sep 5th, 2017 at 409.456
The intermediate term trend has been UP since Jul 3rd, 2017 at 380.153
The short term trend has been DOWN since Nov 13th, 2017 at 489.924
Smart Scan Analysis for SPGSBRTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSBRTR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||500.398||52wk High Date||2017-11-08|
|52wk Low||343.118||52wk Low Date||2017-06-21|