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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.

CME_SPGSXGP
Open High Low SPGSXGP Price Change
252.014 253.816 250.661 252.063 +0.261
Entry Signal

MarketClub’s Trade Triangles for SPGSXGP

long term up The long term trend has been UP since Sep 16th, 2019 at 276.9792

intermediate term down The intermediate term trend has been DOWN since Jan 8th, 2020 at 276.2570

short term down 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).

-60
Smart Scan Analysis for SPGSXGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
252.014 253.816 250.661 252.063 +0.261
Prev. Close Volume Bid Ask Time
274.943 0 2020-01-29 08:51:46
52wk High350.404152wk High Date2018-10-03
52wk Low230.807352wk Low Date2018-11-29
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