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Index Trend Analysis Report
Prepared for you on Saturday, April 27, 2024.
S&P GSCI Heating Oil (CME:SPGSHO)
Countertrend Down (-85) - SPGSHO is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SPGSHO?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSHO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPGSHO
The long-term trend has been DOWN since Nov 7th, 2023 at 342.64
The intermediate-term trend has been DOWN since Apr 17th, 2024 at 313.34
The short-term trend has been UP since Apr 26th, 2024 at 315.13
Smart Scan Analysis for SPGSHO
Based on our trend formula, SPGSHO is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 312.46 | 315.24 | 310.74 | 310.75 | -1.29 |
| Prev. Close | Volume | Bid | Ask | Time |
| 310.99 | 0 | 2024-04-26 14:30:00 |
| 52wk High | 297.5225 | 52wk High Date | 2018-10-03 |
| 52wk Low | 219.796 | 52wk Low Date | 2018-02-14 |