Index Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
S&P GSCI Heating Oil ER (CME:SPGSHOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SPGSHOP
The long term trend has been DOWN since May 31st, 2019 at 202.3120
The intermediate term trend has been DOWN since Jul 18th, 2019 at 202.7833
The short term trend has been UP since Aug 19th, 2019 at 198.3188
Smart Scan Analysis for SPGSHOP
Based on a pre-defined weighted trend formula for chart analysis, SPGSHOP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||263.2368||52wk High Date||2018-10-03|
|52wk Low||195.0896||52wk Low Date||2018-02-14|