Index Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
S&P GSCI UNLEADED GASOLINE INDEX TOTAL RETURN (CME:SPGSHUTR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SPGSHUTR
The long term trend has been DOWN since Oct 23rd, 2018 at 2699.735
The intermediate term trend has been UP since Feb 13th, 2019 at 2165.870
The short term trend has been UP since Feb 13th, 2019 at 2130.930
Smart Scan Analysis for SPGSHUTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSHUTR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3154.289||52wk High Date||2018-10-03|
|52wk Low||2009.302||52wk Low Date||2018-11-29|