Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
S&P GSCI PETROLEUM INDEX SPOT (CME:SPGSPT)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 SPGSPT
The long term trend has been DOWN since Aug 15th, 2018 at 242.7925
The intermediate term trend has been UP since Aug 28th, 2018 at 260.5737
The short term trend has been UP since Sep 18th, 2018 at 263.2483
Smart Scan Analysis for SPGSPT
Based on a pre-defined weighted trend formula for chart analysis, SPGSPT scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||274.6732||52wk High Date||2018-05-22|
|52wk Low||188.9869||52wk Low Date||2017-10-09|