Index Trend Analysis Report
Prepared for you on Sunday, May 26, 2019.
S&P GSCI HEATING OIL INDEX SPOT (CME:SPGSHO)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Apr 7th, 2019 at 248.7127
The intermediate term trend has been DOWN since May 23rd, 2019 at 246.3931
The short term trend has been DOWN since May 20th, 2019 at 253.6799
Smart Scan Analysis for SPGSHO
Based on a pre-defined weighted trend formula for chart analysis, SPGSHO scored -60 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|