Index Trend Analysis Report
Prepared for you on Wednesday, June 26, 2019.
S&P GSCI Petroleum ER (CME:SPGSPTP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 SPGSPTP
The long term trend has been DOWN since Jun 2nd, 2019 at 265.5325
The intermediate term trend has been UP since Jun 25th, 2019 at 283.4244
The short term trend has been DOWN since Jun 18th, 2019 at 258.4364
Smart Scan Analysis for SPGSPTP
Based on a pre-defined weighted trend formula for chart analysis, SPGSPTP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||372.7541||52wk High Date||2018-10-03|
|52wk Low||248.3092||52wk Low Date||2018-11-29|