Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
S&P GSCI PETROLEUM EX-GAS OIL EXC RETURN (CME:SPGSXGP)
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 SPGSXGP
The long term trend has been UP since Sep 5th, 2017 at 220.8282
The intermediate term trend has been DOWN since Oct 17th, 2018 at 320.9004
The short term trend has been DOWN since Oct 10th, 2018 at 333.9906
Smart Scan Analysis for SPGSXGP
Based on a pre-defined weighted trend formula for chart analysis, SPGSXGP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||350.4041||52wk High Date||2018-10-03|
|52wk Low||227.4508||52wk Low Date||2017-10-20|