Index Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
S&P GSCI Heating Oil (CME:SPGSHO)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPGSHO
The long term trend has been UP since Sep 16th, 2019 at 244.0443
The intermediate term trend has been DOWN since Oct 31st, 2019 at 226.9420
The short term trend has been UP since Nov 14th, 2019 at 234.4550
Smart Scan Analysis for SPGSHO
Based on a pre-defined weighted trend formula for chart analysis, SPGSHO scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||297.5225||52wk High Date||2018-10-03|
|52wk Low||219.796||52wk Low Date||2018-02-14|