Index Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
S&P GSCI LIGHT ENERGY IND (CPW 4) SPOT (CME:SPGSLE)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 SPGSLE
The long term trend has been DOWN since Nov 9th, 2018 at 375.1556
The intermediate term trend has been UP since Jan 18th, 2019 at 367.6762
The short term trend has been UP since Jan 16th, 2019 at 365.5893
Smart Scan Analysis for SPGSLE
Based on a pre-defined weighted trend formula for chart analysis, SPGSLE scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||419.0398||52wk High Date||2018-05-24|
|52wk Low||360.6099||52wk Low Date||2018-11-27|