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Index Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
S&P GSCI Soybean Oil ER (CME:SPGSBOP)
Countertrend Down (-85) - SPGSBOP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SPGSBOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSBOP.
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MarketClub’s Trade Triangles for SPGSBOP
The long-term trend has been DOWN since Oct 2nd, 2023 at 142.86
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 121.70
The short-term trend has been UP since Apr 22nd, 2024 at 116.75
Smart Scan Analysis for SPGSBOP
Based on our trend formula, SPGSBOP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 114.87 | 114.97 | 114.74 | 114.87 | +0.03 |
| Prev. Close | Volume | Bid | Ask | Time |
| 114.84 | 0 | 2024-04-25 02:37:00 |
| 52wk High | 80.01045 | 52wk High Date | 2017-11-30 |
| 52wk Low | 59.60509 | 52wk Low Date | 2018-11-26 |