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Index Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
The Brent Crude Oil Benchmark Index (CME:SGICBRB)
Sidelines Mode (-55) - SGICBRB 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 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.
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MarketClub’s Trade Triangles for SGICBRB
The long-term trend has been DOWN since Jun 3rd, 2024 at 7099.19
The intermediate-term trend has been DOWN since Oct 28th, 2024 at 6705.00
The short-term trend has been UP since Nov 18th, 2024 at 6799.75
Smart Scan Analysis for SGICBRB
Based on our trend formula, SGICBRB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6829.61 | 6838.94 | 6826.81 | 6837.07 | +27.05 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6810.02 | 0 | 2024-11-20 03:28:48 |
| 52wk High | 5999.665 | 52wk High Date | 2018-10-03 |
| 52wk Low | 4007.394 | 52wk Low Date | 2018-11-29 |