Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
S&P GSCI Petroleum ex Gasoil ER (CME:SPGSXGP)
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 SPGSXGP
The long term trend has been UP since Sep 16th, 2019 at 276.9792
The intermediate term trend has been DOWN since Jan 8th, 2020 at 276.2570
The short term trend has been DOWN since Jan 8th, 2020 at 287.7900
Smart Scan Analysis for SPGSXGP
Based on a pre-defined weighted trend formula for chart analysis, SPGSXGP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||350.4041||52wk High Date||2018-10-03|
|52wk Low||230.8073||52wk Low Date||2018-11-29|