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Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
S&P 500 INDEX ENERGY SECTOR (E-MINI) Dec 2023 (CME:XAE.Z23)
Bear Market Rally (-75) - XAE.Z23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XAE.Z23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid XAE.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAE.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for XAE.Z23
The long-term trend has been DOWN since Sep 21st, 2023 at 954.1
The intermediate-term trend has been DOWN since Sep 21st, 2023 at 954.1
The short-term trend has been UP since Nov 30th, 2023 at 896.1
Smart Scan Analysis for XAE.Z23
Based on our trend formula, XAE.Z23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 888.6 | 896.9 | 874.1 | 884.4 | +4.6 |
| Prev. Close | Volume | Bid | Ask | Time |
| 883.1 | 1645 | 2023-11-30 17:28:41 |
| Expiration | 2023-12-15 | Open Time | 18:00 |
| Close Time | 17:00 |