Index Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
S&P GSCI CRUDE OIL DYNAMIC ROLL INDEX ER (CME:SPDYCLP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Mar 13th, 2019 at 925.880
The intermediate term trend has been DOWN since May 2nd, 2019 at 932.754
The short term trend has been DOWN since May 22nd, 2019 at 942.838
Smart Scan Analysis for SPDYCLP
Based on a pre-defined weighted trend formula for chart analysis, SPDYCLP scored -60 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|