Index Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
S&P GSCI PETROLEUM INDEX EXCESS RETURN (CME:SPGSPTP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 SPGSPTP
The long term trend has been UP since Sep 5th, 2017 at 235.5789
The intermediate term trend has been DOWN since Feb 5th, 2018 at 295.7877
The short term trend has been UP since Mar 16th, 2018 at 286.6085
Smart Scan Analysis for SPGSPTP
Based on a pre-defined weighted trend formula for chart analysis, SPGSPTP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||309.4535||52wk High Date||2018-01-25|
|52wk Low||197.2291||52wk Low Date||2017-06-21|