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Index Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

S&P GSCI Soybean Oil TR (CME:SPGSBOTR)

Strong Downtrend (-100) - SPGSBOTR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SPGSBOTR continues to fall. Traders should use caution and set stops.

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

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

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

CME_SPGSBOTR
Open High Low SPGSBOTR Price Change
156.03 156.27 154.94 155.21 -0.65
Entry Signal

MarketClub’s Trade Triangles for SPGSBOTR

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 151.21

intermediate term down The intermediate-term trend has been DOWN since Apr 10th, 2024 at 162.49

short term down The short-term trend has been DOWN since Apr 25th, 2024 at 153.31

Smart Scan Analysis for SPGSBOTR

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

-100
Smart Scan Analysis for SPGSBOTR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
156.03 156.27 154.94 155.21 -0.65
Prev. Close Volume Bid Ask Time
155.86 0 2024-04-26 08:26:00
52wk High93.6466752wk High Date2017-11-30
52wk Low71.0722952wk Low Date2018-11-26
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