Index Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
S&P GSCI PETROLEUM EX-GAS OIL EXC RETURN (CME:SPGSXGP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Nov 2nd, 2018 at 289.7477
The intermediate term trend has been UP since Jan 9th, 2019 at 242.9271
The short term trend has been UP since Feb 12th, 2019 at 245.7063
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|