Index Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
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 UP since Sep 5th, 2017 at 189.1346
The intermediate term trend has been DOWN since Oct 9th, 2017 at 189.3467
The short term trend has been DOWN since Oct 17th, 2017 at 197.1205
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||204.7021||52wk High Date||2017-01-03|
|52wk Low||157.9187||52wk Low Date||2017-06-21|