Index Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
S&P GSCI Crude Oil Enhanced ER (CME:SPGSCIECLP)
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 SPGSCIECLP
The long term trend has been UP since Sep 16th, 2019 at 469.47
The intermediate term trend has been DOWN since Oct 1st, 2019 at 417.68
The short term trend has been UP since Oct 10th, 2019 at 418.62
Smart Scan Analysis for SPGSCIECLP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCIECLP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||644.82800000||52wk High Date||2018-10-03|
|52wk Low||414.52600000||52wk Low Date||2018-11-29|