Index Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
S&P GSCI PETROLEUM INDEX EXCESS RETURN (CME:SPGSPTP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPGSPTP
The long term trend has been UP since Sep 5th, 2017 at 235.5789
The intermediate term trend has been UP since Dec 12th, 2017 at 277.2078
The short term trend has been UP since Jan 4th, 2018 at 292.0175
Smart Scan Analysis for SPGSPTP
Based on a pre-defined weighted trend formula for chart analysis, SPGSPTP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||302.2951||52wk High Date||2018-01-16|
|52wk Low||197.2291||52wk Low Date||2017-06-21|