Index Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
S&P GSCI GAS OIL INDEX SPOT (CME:SPGSGO)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Jun 4th, 2018 at 616.0090
The short term trend has been DOWN since Jun 13th, 2018 at 612.2039
Smart Scan Analysis for SPGSGO
Based on a pre-defined weighted trend formula for chart analysis, SPGSGO scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||650.5798||52wk High Date||2018-05-17|
|52wk Low||375.6379||52wk Low Date||2017-06-22|