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Index Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

S&P GSCI Petroleum ER (CME:SPGSPTP)

Crossroads (-60) - SPGSPTP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

CME_SPGSPTP
Open High Low SPGSPTP Price Change
404.68 408.58 398.25 408.58 +4.05
Entry Signal

MarketClub’s Trade Triangles for SPGSPTP

long term up The long-term trend has been UP since Mar 1st, 2024 at 390.38

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 399.61

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 415.09

Smart Scan Analysis for SPGSPTP

Based on our trend formula, SPGSPTP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SPGSPTP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
404.68 408.58 398.25 408.58 +4.05
Prev. Close Volume Bid Ask Time
404.53 0 2024-04-23 13:32:00
52wk High372.754152wk High Date2018-10-03
52wk Low248.309252wk Low Date2018-11-29
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