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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.

CME_SGMDBRP
Open High Low SGMDBRP Price Change
80.737 80.855 79.592 79.603 -1.252
Entry Signal

MarketClub’s Trade Triangles for SGMDBRP

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 83.241

intermediate term up The intermediate-term trend has been UP since Oct 1st, 2024 at 80.609

short term down 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).

-75
Smart Scan Analysis for SGMDBRP
Strong Downtrend Sideways 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
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