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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.

CME_SPGSBOP
Open High Low SPGSBOP Price Change
62.252 62.460 61.774 62.252 -0.063
Entry Signal

MarketClub’s Trade Triangles for SPGSBOP

long term up The long term trend has been UP since Aug 8th, 2019 at 60.920

intermediate term up The intermediate term trend has been UP since Sep 16th, 2019 at 61.276

short term up 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).

+100
Smart Scan Analysis for SPGSBOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
62.252 62.460 61.774 62.252 -0.063
Prev. Close Volume Bid Ask Time
58.040 0 2019-09-19 14:29:15
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.