Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
S&P GSCI Biofuel ER (CME:SPGSBFP)
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 SPGSBFP
The long term trend has been UP since Jun 3rd, 2019 at 46.6592
The intermediate term trend has been DOWN since Jul 1st, 2019 at 45.8538
The short term trend has been DOWN since Jul 15th, 2019 at 46.6233
Smart Scan Analysis for SPGSBFP
Based on a pre-defined weighted trend formula for chart analysis, SPGSBFP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||55.6137||52wk High Date||2017-11-30|
|52wk Low||43.2444||52wk Low Date||2018-09-18|