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Sunday, April 07, 2013 10:09:32 AM
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, GOFF scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
+15 New 3 Day High on Friday
-20 No Data for 20 Day Moving Average
+25 New 3 Week High, March 22nd
+30 New 3 Month High on March 22
+70 Total Score
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