Index Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
S&P GSCI NA COPPER INDEX SPOT (CME:SPGSHG)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPGSHG
The long term trend has been DOWN since Jan 2nd, 2019 at 193.5127
The intermediate term trend has been DOWN since Apr 25th, 2019 at 212.9746
The short term trend has been DOWN since May 21st, 2019 at 200.6266
Smart Scan Analysis for SPGSHG
Based on a pre-defined weighted trend formula for chart analysis, SPGSHG scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||244.8581||52wk High Date||2017-12-28|
|52wk Low||189.9005||52wk Low Date||2018-08-15|