Index Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
S&P GSCI GAS OIL INDEX SPOT (CME:SPGSGO)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 SPGSGO
The long term trend has been UP since Aug 1st, 2017 at 458.4685
The intermediate term trend has been DOWN since Feb 5th, 2018 at 562.4128
The short term trend has been UP since Feb 15th, 2018 at 526.3107
Smart Scan Analysis for SPGSGO
Based on a pre-defined weighted trend formula for chart analysis, SPGSGO scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||585.3826||52wk High Date||2018-01-25|
|52wk Low||375.6379||52wk Low Date||2017-06-22|