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Index Trend Analysis Report

Prepared for you on Saturday, December 21, 2024.

S&P GSCI Brent Crude 2X Leveraged TR (CME:SPGBR2LT)

Bear Market Rally (-75) - SPGBR2LT is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPGBR2LT as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid SPGBR2LT?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGBR2LT.

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

CME_SPGBR2LT
Open High Low SPGBR2LT Price Change
208.69 213.70 206.30 211.84 +2.86
Entry Signal

MarketClub’s Trade Triangles for SPGBR2LT

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 234.30

intermediate term down The intermediate-term trend has been DOWN since Oct 27th, 2024 at 207.06

short term down The short-term trend has been DOWN since Dec 17th, 2024 at 214.38

Smart Scan Analysis for SPGBR2LT

Based on our trend formula, SPGBR2LT is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for SPGBR2LT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
208.69 213.70 206.30 211.84 +2.86
Prev. Close Volume Bid Ask Time
211.84 0 2024-12-20 15:47:00
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