Analyze Symbol

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.

CME_SPGSHOP
Open High Low SPGSHOP Price Change
200.7309 201.9585 198.1681 199.0403 -1.6906
Entry Signal

MarketClub’s Trade Triangles for SPGSHOP

long term down The long term trend has been DOWN since May 31st, 2019 at 202.3120

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2019 at 202.7833

short term up 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).

-85
Smart Scan Analysis for SPGSHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
200.7309 201.9585 198.1681 199.0403 -1.6906
Prev. Close Volume Bid Ask Time
217.0968 0 2019-08-22 15:28:04
52wk High263.236852wk High Date2018-10-03
52wk Low195.089652wk Low Date2018-02-14
Want to analyze S&P GSCI Heating Oil ER SPGSHOP or another symbol? Try our Free Index Trend Analysis Report.