Index Trend Analysis Report
Prepared for you on Saturday, July 20, 2019.
S&P GSCI Heating Oil (CME:SPGSHO)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SPGSHO
The long term trend has been DOWN since May 31st, 2019 at 226.1234
The intermediate term trend has been UP since Jun 25th, 2019 at 235.2199
The short term trend has been DOWN since Jul 14th, 2019 at 240.1749
Smart Scan Analysis for SPGSHO
Based on a pre-defined weighted trend formula for chart analysis, SPGSHO scored -65 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|