Index Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
S&P GSCI North American Copper ER (CME:SPGSHGP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 SPGSHGP
The long term trend has been UP since Nov 5th, 2019 at 207.37
The intermediate term trend has been UP since Oct 14th, 2019 at 202.04
The short term trend has been DOWN since Nov 11th, 2019 at 204.00
Smart Scan Analysis for SPGSHGP
Based on a pre-defined weighted trend formula for chart analysis, SPGSHGP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||265.163||52wk High Date||2017-12-28|
|52wk Low||200.3869||52wk Low Date||2018-08-15|