Index Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
S&P GSCI PETROLEUM EX-GAS OIL INDEX SPOT (CME:SPGSXG)
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 SPGSXG
The long term trend has been UP since Sep 6th, 2017 at 186.4352
The intermediate term trend has been UP since Mar 21st, 2018 at 235.1069
The short term trend has been DOWN since May 21st, 2018 at 265.1757
Smart Scan Analysis for SPGSXG
Based on a pre-defined weighted trend formula for chart analysis, SPGSXG scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||270.322||52wk High Date||2018-05-17|
|52wk Low||155.6289||52wk Low Date||2017-06-21|