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Index Trend Analysis Report
Prepared for you on Tuesday, October 15, 2024.
S&P GSCI Brent Crude 2X Leveraged ER (CME:SPGBR2LP)
Bear Market Rally (-75) - SPGBR2LP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPGBR2LP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SPGBR2LP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGBR2LP.
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 SPGBR2LP
The long-term trend has been DOWN since Jun 3rd, 2024 at 146.487
The intermediate-term trend has been UP since Oct 1st, 2024 at 135.940
The short-term trend has been DOWN since Oct 8th, 2024 at 143.724
Smart Scan Analysis for SPGBR2LP
Based on our trend formula, SPGBR2LP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 135.010 | 135.419 | 131.544 | 131.321 | -4.136 |
| Prev. Close | Volume | Bid | Ask | Time |
| 135.457 | 0 | 2024-10-15 04:04:00 |