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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.

CME_SPGSBOP
Open High Low SPGSBOP Price Change
60.22 60.26 60.03 60.11 -0.11
Entry Signal

MarketClub’s Trade Triangles for SPGSBOP

long term down The long term trend has been DOWN since Apr 23rd, 2019 at 60.54

intermediate term up The intermediate term trend has been UP since May 29th, 2019 at 59.09

short term down 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).

-55
Smart Scan Analysis for SPGSBOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
60.22 60.26 60.03 60.11 -0.11
Prev. Close Volume Bid Ask Time
58.04 0 2019-06-19 23:41:25
52wk High80.0104552wk High Date2017-11-30
52wk Low59.6050952wk Low Date2018-11-26
Want to analyze S&P GSCI Soybean Oil ER SPGSBOP or another symbol? Try our Free Index Trend Analysis Report.