Index Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
S&P GSCI PETROLEUM EX-GAS OIL INDEX SPOT (CME:SPGSXG)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 SPGSXG
The long term trend has been DOWN since Nov 2nd, 2018 at 237.5028
The intermediate term trend has been DOWN since Oct 17th, 2018 at 261.3192
The short term trend has been DOWN since Dec 7th, 2018 at 194.3985
Smart Scan Analysis for SPGSXG
Based on a pre-defined weighted trend formula for chart analysis, SPGSXG scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||286.0382||52wk High Date||2018-10-03|
|52wk Low||188.1733||52wk Low Date||2018-11-29|