Index Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
S&P GSCI NA COPPER INDEX TRUST (CME:SPGSHGTR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPGSHGTR
The long term trend has been DOWN since Jun 28th, 2018 at 404.7707
The intermediate term trend has been DOWN since Dec 10th, 2018 at 370.9342
The short term trend has been UP since Jan 16th, 2019 at 363.3196
Smart Scan Analysis for SPGSHGTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSHGTR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||458.527||52wk High Date||2017-12-28|
|52wk Low||350.2815||52wk Low Date||2018-08-15|