Index Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
S&P GSCI Soybean Oil (CME:SPGSBO)
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 SPGSBO
The long term trend has been DOWN since Apr 26th, 2019 at 136.4527
The intermediate term trend has been UP since May 29th, 2019 at 136.1098
The short term trend has been UP since Jul 16th, 2019 at 141.5973
Smart Scan Analysis for SPGSBO
Based on a pre-defined weighted trend formula for chart analysis, SPGSBO scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||169.9167||52wk High Date||2017-11-30|
|52wk Low||132.925||52wk Low Date||2018-09-19|