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Index Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
S&P GSCI Brent Crude 2X Leveraged (CME:SPGBR2L)
Long-Term Downtrend (-90) - SPGBR2L is in a strong downtrend that is likely to continue. While SPGBR2L is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for SPGBR2L
The long-term trend has been DOWN since Nov 7th, 2023 at 216.12
The intermediate-term trend has been DOWN since Oct 3rd, 2023 at 262.08
The short-term trend has been DOWN since Nov 16th, 2023 at 204.16
Smart Scan Analysis for SPGBR2L
Based on our trend formula, SPGBR2L is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 202.27 | 212.38 | 201.01 | 211.34 | +8.31 |
| Prev. Close | Volume | Bid | Ask | Time |
| 203.03 | 0 | 2023-11-28 20:29:00 |