Index Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
S&P GSCI Cotton (CME:SPGSCT)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 SPGSCT
The long term trend has been UP since Nov 12th, 2019 at 93.8960
The intermediate term trend has been UP since Sep 12th, 2019 at 85.5578
The short term trend has been DOWN since Nov 18th, 2019 at 93.3980
Smart Scan Analysis for SPGSCT
Based on a pre-defined weighted trend formula for chart analysis, SPGSCT scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||137.0376||52wk High Date||2018-05-30|
|52wk Low||102.5897||52wk Low Date||2017-12-07|