Index Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
S&P GSCI Heating Oil ER (CME:SPGSHOP)
Bull Market Weakness (+75) - SPGSHOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPGSHOP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPGSHOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSHOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGSHOP
The long-term trend has been DOWN since Jan 22nd, 2020 at 196.450
The intermediate-term trend has been UP since May 18th, 2020 at 97.271
The short-term trend has been UP since Jun 1st, 2020 at 104.639
Smart Scan Analysis for SPGSHOP
Based on our trend formula, SPGSHOP is rated as a +70 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|