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Index Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

S&P GSCI Wheat ER (CME:SPGSWHP)

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

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

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

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

CME_SPGSWHP
Open High Low SPGSWHP Price Change
5.2228 5.2320 5.1835 5.1904 -0.0324
Entry Signal

MarketClub’s Trade Triangles for SPGSWHP

long term down The long-term trend has been DOWN since Feb 16th, 2024 at 5.2982

intermediate term down The intermediate-term trend has been DOWN since Apr 17th, 2024 at 5.1054

short term down The short-term trend has been DOWN since Apr 9th, 2024 at 5.2807

Smart Scan Analysis for SPGSWHP

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

-100
Smart Scan Analysis for SPGSWHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2228 5.2320 5.1835 5.1904 -0.0324
Prev. Close Volume Bid Ask Time
5.2228 0 2024-04-19 04:05:00
52wk High8.3632952wk High Date2018-08-02
52wk Low6.3430152wk Low Date2017-12-12
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