Index Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
S&P GSCI WHEAT INDEX TOTAL RETURN (CME:SPGSWHTR)
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 SPGSWHTR
The long term trend has been DOWN since Oct 25th, 2018 at 70.2300
The intermediate term trend has been UP since Nov 12th, 2018 at 74.6115
The short term trend has been UP since Dec 7th, 2018 at 74.1352
Smart Scan Analysis for SPGSWHTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSWHTR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||88.4801||52wk High Date||2018-08-02|
|52wk Low||66.3661||52wk Low Date||2017-12-12|