Index Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
S&P GSCI Inverse Crude Oil TR (CME:SPGSICLT)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPGSICLT
The long term trend has been DOWN since Sep 16th, 2019 at 9.4400
The intermediate term trend has been DOWN since Sep 6th, 2019 at 9.8900
The short term trend has been DOWN since Sep 16th, 2019 at 9.6325
Smart Scan Analysis for SPGSICLT
Based on a pre-defined weighted trend formula for chart analysis, SPGSICLT scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).