Index Trend Analysis Report
Prepared for you on Sunday, December 10, 2017.
S&P GSCI PETROLEUM INDEX SPOT (CME:SPGSPT)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 SPGSPT
The long term trend has been UP since Sep 5th, 2017 at 189.1346
The intermediate term trend has been DOWN since Dec 7th, 2017 at 210.1877
The short term trend has been DOWN since Dec 5th, 2017 at 214.9318
Smart Scan Analysis for SPGSPT
Based on a pre-defined weighted trend formula for chart analysis, SPGSPT scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||221.436||52wk High Date||2017-12-01|
|52wk Low||157.9187||52wk Low Date||2017-06-21|