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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.
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MarketClub’s Trade Triangles for SPGBR2L
The long-term trend has been DOWN since Jun 3rd, 2024 at 199.44
The intermediate-term trend has been DOWN since Oct 27th, 2024 at 155.01
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).
| 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 |