Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
S&P GSCI Gasoil ER (CME:SPGSGOP)
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 SPGSGOP
The long term trend has been DOWN since Jun 2nd, 2019 at 357.0352
The intermediate term trend has been DOWN since Jul 18th, 2019 at 352.9111
The short term trend has been UP since Jul 21st, 2019 at 360.2103
Smart Scan Analysis for SPGSGOP
Based on a pre-defined weighted trend formula for chart analysis, SPGSGOP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||457.6185||52wk High Date||2018-10-04|
|52wk Low||328.5299||52wk Low Date||2018-02-14|