Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P GSCI NA COPPER INDEX TRUST (CME:SPGSHGTR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SPGSHGTR
The long term trend has been DOWN since Jun 28th, 2018 at 404.7707
The intermediate term trend has been UP since Sep 21st, 2018 at 376.6807
The short term trend has been DOWN since Oct 16th, 2018 at 380.2863
Smart Scan Analysis for SPGSHGTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSHGTR scored -75 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|