Index Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
S&P GSCI SOYBEAN OIL DYNAMIC ROLL ER (CME:SPDYBOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SPDYBOP
The long term trend has been UP since Dec 17th, 2018 at 51.8223
The intermediate term trend has been UP since Jan 18th, 2019 at 48.7411
The short term trend has been UP since Feb 18th, 2019 at 51.0704
Smart Scan Analysis for SPDYBOP
Based on a pre-defined weighted trend formula for chart analysis, SPDYBOP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||61.695||52wk High Date||2017-11-30|
|52wk Low||46.5573||52wk Low Date||2018-11-26|