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Index Trend Analysis Report

Prepared for you on Thursday, December 12, 2024.

S&P GSCI Brent Crude 2X Leveraged (CME:SPGBR2L)

Sidelines Mode (-55) - SPGBR2L 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 SPGBR2L?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGBR2L.

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

CME_SPGBR2L
Open High Low SPGBR2L Price Change
157.69 159.16 152.78 157.09 -0.39
Entry Signal

MarketClub’s Trade Triangles for SPGBR2L

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 199.44

intermediate term down The intermediate-term trend has been DOWN since Oct 27th, 2024 at 155.01

short term up The short-term trend has been UP since Dec 10th, 2024 at 154.69

Smart Scan Analysis for SPGBR2L

Based on our trend formula, SPGBR2L is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SPGBR2L
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
157.69 159.16 152.78 157.09 -0.39
Prev. Close Volume Bid Ask Time
157.48 0 2024-12-12 16:02:00
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