Index Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
S&P GSCI Inverse Industrial Metals 1 Month Forward Capped Commodity TR (CME:SG1MINIT)
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 SG1MINIT
The long term trend has been UP since May 1st, 2019 at 34.6033
The intermediate term trend has been DOWN since Jun 24th, 2019 at 35.6321
The short term trend has been DOWN since Jul 9th, 2019 at 35.8376
Smart Scan Analysis for SG1MINIT
Based on a pre-defined weighted trend formula for chart analysis, SG1MINIT scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||35.7886||52wk High Date||2018-11-27|
|52wk Low||27.4318||52wk Low Date||2018-04-19|