Index Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
S&P GSCI Brent Crude TR (CME:SPGSBRTR)
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 SPGSBRTR
The long term trend has been DOWN since Jun 2nd, 2019 at 524.80
The intermediate term trend has been DOWN since May 23rd, 2019 at 576.30
The short term trend has been UP since Jun 18th, 2019 at 530.32
Smart Scan Analysis for SPGSBRTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSBRTR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||712.05||52wk High Date||2018-10-03|
|52wk Low||475.129||52wk Low Date||2017-12-07|