Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
S&P GSCI NATURAL GAS INDEX EXCESS RETURN (CME:SPGSNGP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SPGSNGP
The long term trend has been UP since Jan 30th, 2018 at 11.66949
The intermediate term trend has been UP since Nov 4th, 2018 at 11.87547
The short term trend has been DOWN since Dec 12th, 2018 at 15.28000
Smart Scan Analysis for SPGSNGP
Based on a pre-defined weighted trend formula for chart analysis, SPGSNGP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||17.33447||52wk High Date||2018-11-14|
|52wk Low||8.98411||52wk Low Date||2017-12-21|