Index Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
S&P GSCI Heating Oil (CME:SPGSHO)
Strong Uptrend (+100) - SPGSHO is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SPGSHO continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid SPGSHO?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSHO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGSHO
The long-term trend has been UP since Nov 11th, 2020 at 158.514
The intermediate-term trend has been UP since Apr 12th, 2021 at 223.610
The short-term trend has been UP since Apr 27th, 2021 at 229.063
Smart Scan Analysis for SPGSHO
Based on our trend formula, SPGSHO is rated as a +100 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|