Index Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
S&P GSCI Gasoil (CME:SPGSGO)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 SPGSGO
The long term trend has been DOWN since Jun 2nd, 2019 at 533.6424
The intermediate term trend has been DOWN since May 23rd, 2019 at 579.3500
The short term trend has been UP since Jun 19th, 2019 at 525.7537
Smart Scan Analysis for SPGSGO
Based on a pre-defined weighted trend formula for chart analysis, SPGSGO scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||696.9835||52wk High Date||2018-10-04|
|52wk Low||503.016||52wk Low Date||2018-02-14|