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.
MarketClub’s Trade Triangles for SPGSGO
The long term trend has been DOWN since Nov 13th, 2018 at 592.1111
The intermediate term trend has been DOWN since Oct 23rd, 2018 at 649.8838
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).
|52wk High||696.9835||52wk High Date||2018-10-04|
|52wk Low||503.016||52wk Low Date||2018-02-14|