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Index Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

S&P GSCI Heating Oil ER (CME:SPGSHOP)

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.

CME_SPGSHOP
Open High Low SPGSHOP Price Change
182.94 185.09 182.21 184.87 +2.31
Entry Signal

MarketClub’s Trade Triangles for SPGSHOP

long term down The long term trend has been DOWN since Jan 22nd, 2020 at 196.45

intermediate term down The intermediate term trend has been DOWN since Jan 8th, 2020 at 216.76

short term up The short term trend has been UP since Feb 5th, 2020 at 181.58

Smart Scan Analysis for SPGSHOP

Based on a pre-defined weighted trend formula for chart analysis, SPGSHOP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for SPGSHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
182.94 185.09 182.21 184.87 +2.31
Prev. Close Volume Bid Ask Time
210.26 0 2020-02-14 15:27:37
52wk High263.236852wk High Date2018-10-03
52wk Low195.089652wk Low Date2018-02-14
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