Index Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
S&P GSCI Soybean Oil ER (CME:SPGSBOP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPGSBOP
The long term trend has been DOWN since Apr 23rd, 2019 at 60.54
The intermediate term trend has been UP since May 29th, 2019 at 59.09
The short term trend has been DOWN since Jun 12th, 2019 at 57.89
Smart Scan Analysis for SPGSBOP
Based on a pre-defined weighted trend formula for chart analysis, SPGSBOP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||80.01045||52wk High Date||2017-11-30|
|52wk Low||59.60509||52wk Low Date||2018-11-26|