Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
S&P GSCI PETROLEUM EX-GAS OIL INDEX SPOT (CME:SPGSXG)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SPGSXG
The long term trend has been UP since Sep 28th, 2018 at 271.0953
The intermediate term trend has been DOWN since Oct 17th, 2018 at 261.3192
The short term trend has been DOWN since Oct 10th, 2018 at 272.4524
Smart Scan Analysis for SPGSXG
Based on a pre-defined weighted trend formula for chart analysis, SPGSXG scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||286.0382||52wk High Date||2018-10-03|
|52wk Low||191.3305||52wk Low Date||2017-10-20|