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Index Trend Analysis Report

Prepared for you on Sunday, December 9, 2018.

S&P GSCI GAS OIL INDEX SPOT (CME:SPGSGO)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.

CME_SPGSGO
Open High Low SPGSGO Price Change
536.7515 536.7515 526.4035 529.5589 +15.6380
Entry Signal

MarketClub’s Trade Triangles for SPGSGO

long term down The long term trend has been DOWN since Nov 13th, 2018 at 592.1111

intermediate term down The intermediate term trend has been DOWN since Oct 23rd, 2018 at 649.8838

short term up The short term trend has been UP since Dec 7th, 2018 at 535.2666

Smart Scan Analysis for SPGSGO

Based on a pre-defined weighted trend formula for chart analysis, SPGSGO scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for SPGSGO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
536.7515 536.7515 526.4035 529.5589 +15.6380
Prev. Close Volume Bid Ask Time
513.9209 0 2018-12-09 22:36:20
52wk High696.983552wk High Date2018-10-04
52wk Low503.01652wk Low Date2018-02-14
Want to analyze S&P GSCI GAS OIL INDEX SPOT SPGSGO or another symbol? Try our Free Index Trend Analysis Report.