Index Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
S&P GSCI Soybean Oil ER (CME:SPGSBOP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Aug 8th, 2019 at 60.920
The intermediate term trend has been UP since Sep 16th, 2019 at 61.276
The short term trend has been UP since Sep 11th, 2019 at 59.967
Smart Scan Analysis for SPGSBOP
Based on a pre-defined weighted trend formula for chart analysis, SPGSBOP scored +100 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|