Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
S&P GSCI NATURAL GAS INDEX EXCESS RETURN (CME:SPGSNGP)
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 SPGSNGP
The long term trend has been UP since Jan 30th, 2018 at 11.66949
The intermediate term trend has been DOWN since Jul 2nd, 2018 at 10.13456
The short term trend has been DOWN since Jul 1st, 2018 at 10.22545
Smart Scan Analysis for SPGSNGP
Based on a pre-defined weighted trend formula for chart analysis, SPGSNGP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||12.34853||52wk High Date||2017-09-19|
|52wk Low||8.98411||52wk Low Date||2017-12-21|