Free Daily Analysis
Index Trend Analysis Report
Prepared for you on Tuesday, October 15, 2024.
Brent+ Index (CME:SGMDBRP)
Bear Market Rally (-75) - SGMDBRP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGMDBRP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SGMDBRP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGMDBRP.
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 SGMDBRP
The long-term trend has been DOWN since Jun 3rd, 2024 at 83.241
The intermediate-term trend has been UP since Oct 1st, 2024 at 80.609
The short-term trend has been DOWN since Oct 8th, 2024 at 82.937
Smart Scan Analysis for SGMDBRP
Based on our trend formula, SGMDBRP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 80.737 | 80.855 | 79.592 | 79.603 | -1.252 |
| Prev. Close | Volume | Bid | Ask | Time |
| 80.855 | 0 | 2024-10-15 05:03:15 |