Index Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
S&P GSCI GAS OIL INDEX TOTAL RETURN (CME:SPGSGOTR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SPGSGOTR
The long term trend has been UP since Aug 1st, 2017 at 412.2156
The intermediate term trend has been DOWN since Jul 16th, 2018 at 552.3655
The short term trend has been DOWN since Jul 11th, 2018 at 577.3512
Smart Scan Analysis for SPGSGOTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSGOTR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||606.8946||52wk High Date||2018-05-17|
|52wk Low||369.7188||52wk Low Date||2017-07-18|