|OIL -- USA ETF|| |
USD 1,669 25.10 1.48%
iPath SP GSCI Trend Analysis
Use this graph to draw trend lines for iPath SP GSCI Crude Oil TR ETN. You can use it to identify possible trend reversals for iPath SP as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual iPath SP price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
iPath SP Best Fit Change Line
The following chart estimates an ordinary least squares regression model for iPath SP GSCI Crude Oil TR ETN applied against its price change over selected period. The best fit line has a slop of 16.08 %
which may suggest that iPath SP GSCI Crude Oil TR ETN is still a good investment. It has 34 observation points and a regression sum of squares at 211060.94, which is the sum of squared deviations for the predicted iPath SP price change compared to its average price change.