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Index Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

The Brent Crude Oil Benchmark Index (CME:SGICBRB)

Long-Term Uptrend (+90) - SGICBRB is in a strong uptrend that is likely to continue. While SGICBRB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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

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

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

CME_SGICBRB
Open High Low SGICBRB Price Change
7972.97 8117.21 7960.51 7989.00 +80.13
Entry Signal

MarketClub’s Trade Triangles for SGICBRB

long term up The long-term trend has been UP since Mar 1st, 2024 at 7271.04

intermediate term up The intermediate-term trend has been UP since Dec 26th, 2023 at 6977.67

short term up The short-term trend has been UP since Apr 12th, 2024 at 8009.09

Smart Scan Analysis for SGICBRB

Based on our trend formula, SGICBRB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SGICBRB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7972.97 8117.21 7960.51 7989.00 +80.13
Prev. Close Volume Bid Ask Time
7971.19 0 2024-04-12 14:00:03
52wk High5999.66552wk High Date2018-10-03
52wk Low4007.39452wk Low Date2018-11-29
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