Index Trend Analysis Report
Prepared for you on Sunday, July 15, 2018.
S&P GSCI COCOA INDEX EXCESS RETURN (CME:SPGSCCP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 SPGSCCP
The long term trend has been UP since Mar 1st, 2018 at 8.12173
The intermediate term trend has been DOWN since May 15th, 2018 at 9.62488
The short term trend has been UP since Jul 10th, 2018 at 8.81782
Smart Scan Analysis for SPGSCCP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCCP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10.53505||52wk High Date||2018-04-26|
|52wk Low||6.67537||52wk Low Date||2017-12-22|