Index Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
S&P GSCI PETROLEUM INDEX EXCESS RETURN (CME:SPGSPTP)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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 Aug 24th, 2018 at 333.2068
The short term trend has been UP since Sep 18th, 2018 at 338.7438
Smart Scan Analysis for SPGSPTP
Based on a pre-defined weighted trend formula for chart analysis, SPGSPTP scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||345.9193||52wk High Date||2018-07-10|
|52wk Low||236.5876||52wk Low Date||2017-10-09|