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Index Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

S&P GSCI Natural Gas ER (CME:SPGSNGP)

Bear Market Rally (-75) - SPGSNGP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPGSNGP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid SPGSNGP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSNGP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPGSNGP
Open High Low SPGSNGP Price Change
1.6648 1.6850 1.6219 1.6698 +0.0050
Entry Signal

MarketClub’s Trade Triangles for SPGSNGP

long term down The long-term trend has been DOWN since Nov 9th, 2023 at 2.7137

intermediate term up The intermediate-term trend has been UP since Apr 10th, 2024 at 1.7876

short term down The short-term trend has been DOWN since Apr 25th, 2024 at 1.6522

Smart Scan Analysis for SPGSNGP

Based on our trend formula, SPGSNGP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SPGSNGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6648 1.6850 1.6219 1.6698 +0.0050
Prev. Close Volume Bid Ask Time
1.6648 0 2024-04-25 23:39:00
52wk High17.3344752wk High Date2018-11-14
52wk Low8.9841152wk Low Date2017-12-21
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