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Index Trend Analysis Report

Prepared for you on Sunday, October 6, 2024.

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

Crossroads (+60) - SPGBR2LT is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
237.94 248.38 236.84 240.95 +3.01
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 up The intermediate-term trend has been UP since Oct 1st, 2024 at 223.71

short term up The short-term trend has been UP since Oct 2nd, 2024 at 224.97

Smart Scan Analysis for SPGBR2LT

Based on our trend formula, SPGBR2LT is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SPGBR2LT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
237.94 248.38 236.84 240.95 +3.01
Prev. Close Volume Bid Ask Time
240.89 0 2024-10-04 14:53:00
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