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Index Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

S&P GSCI Biofuel TR (CME:SPGSBFTR)

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

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

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

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

CME_SPGSBFTR
Open High Low SPGSBFTR Price Change
81.524 81.835 81.085 81.691 +0.213
Entry Signal

MarketClub’s Trade Triangles for SPGSBFTR

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 94.313

intermediate term down The intermediate-term trend has been DOWN since Apr 11th, 2024 at 83.784

short term up The short-term trend has been UP since Apr 21st, 2024 at 80.378

Smart Scan Analysis for SPGSBFTR

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

-75
Smart Scan Analysis for SPGSBFTR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
81.524 81.835 81.085 81.691 +0.213
Prev. Close Volume Bid Ask Time
81.478 0 2024-04-23 14:29:00
52wk High58.87452wk High Date2017-11-30
52wk Low46.424752wk Low Date2018-09-18
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