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Index Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

S&P GSCI Soybeans ER (CME:SPGSSOP)

Sidelines Mode (+55) - SPGSSOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

CME_SPGSSOP
Open High Low SPGSSOP Price Change
527.74 528.41 526.74 527.85 -0.22
Entry Signal

MarketClub’s Trade Triangles for SPGSSOP

long term down The long-term trend has been DOWN since Oct 2nd, 2023 at 584.56

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2024 at 528.96

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 527.63

Smart Scan Analysis for SPGSSOP

Based on our trend formula, SPGSSOP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SPGSSOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
527.74 528.41 526.74 527.85 -0.22
Prev. Close Volume Bid Ask Time
528.07 0 2024-03-28 04:51:00
52wk High439.220352wk High Date2018-03-02
52wk Low319.26752wk Low Date2018-09-18
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