Index Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
S&P GSCI NATURAL GAS INDEX TOTAL RETURN (CME:SPGSNGTR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 SPGSNGTR
The long term trend has been DOWN since Jan 3rd, 2019 at 19.51
The intermediate term trend has been DOWN since Dec 24th, 2018 at 22.83
The short term trend has been UP since Jan 4th, 2019 at 20.23
Smart Scan Analysis for SPGSNGTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSNGTR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||31.92378||52wk High Date||2018-11-14|
|52wk Low||16.26686||52wk Low Date||2017-12-21|