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Index Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
S&P GSCI Heating Oil TR (CME:SPGSHOTR)
Strong Downtrend (-100) - SPGSHOTR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SPGSHOTR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPGSHOTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSHOTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPGSHOTR
The long-term trend has been DOWN since May 1st, 2024 at 1886.18
The intermediate-term trend has been DOWN since Apr 18th, 2024 at 1946.22
The short-term trend has been DOWN since Apr 30th, 2024 at 1927.52
Smart Scan Analysis for SPGSHOTR
Based on our trend formula, SPGSHOTR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1863.68 | 1868.84 | 1845.01 | 1854.42 | -4.55 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1854.80 | 0 | 2024-05-03 14:28:00 |
| 52wk High | 1005.496 | 52wk High Date | 2018-10-03 |
| 52wk Low | 736.195 | 52wk Low Date | 2018-02-14 |