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Index Trend Analysis Report

Prepared for you on Wednesday, November 13, 2019.

S&P Crude Oil - Equity Spread Index ER (CME:SPCOESP)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

CME_SPCOESP
Open High Low SPCOESP Price Change
10.70 10.78 10.58 10.70 +0.05
Entry Signal

MarketClub’s Trade Triangles for SPCOESP

long term down The long term trend has been DOWN since Oct 15th, 2019 at 10.26

intermediate term up The intermediate term trend has been UP since Oct 24th, 2019 at 10.89

short term down The short term trend has been DOWN since Nov 8th, 2019 at 10.60

Smart Scan Analysis for SPCOESP

Based on a pre-defined weighted trend formula for chart analysis, SPCOESP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for SPCOESP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.70 10.78 10.58 10.70 +0.05
Prev. Close Volume Bid Ask Time
10.45 0 2019-11-13 16:30:03
52wk High15.9252wk High Date2018-07-03
52wk Low10.7652wk Low Date2018-11-29
Want to analyze S&P Crude Oil - Equity Spread Index ER SPCOESP or another symbol? Try our Free Index Trend Analysis Report.