Index Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
S&P GSCI COFFEE INDEX SPOT (CME:SPGSKC)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SPGSKC
The long term trend has been UP since Oct 12th, 2018 at 89.1414
The intermediate term trend has been DOWN since Feb 14th, 2019 at 78.6292
The short term trend has been DOWN since Feb 8th, 2019 at 80.7471
Smart Scan Analysis for SPGSKC
Based on a pre-defined weighted trend formula for chart analysis, SPGSKC scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||102.4259||52wk High Date||2017-11-30|
|52wk Low||73.2769||52wk Low Date||2018-09-18|