Index Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
S&P GSCI Crude Oil Dynamic Roll ER (CME:SPDYCLP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 SPDYCLP
The long term trend has been DOWN since May 30th, 2019 at 870.004
The intermediate term trend has been DOWN since Jul 18th, 2019 at 859.048
The short term trend has been UP since Aug 19th, 2019 at 831.189
Smart Scan Analysis for SPDYCLP
Based on a pre-defined weighted trend formula for chart analysis, SPDYCLP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1149.566||52wk High Date||2018-10-03|
|52wk Low||834.174||52wk Low Date||2017-12-14|