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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.
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MarketClub’s Trade Triangles for SPGBR2LT
The long-term trend has been DOWN since Jun 3rd, 2024 at 234.30
The intermediate-term trend has been UP since Oct 1st, 2024 at 223.71
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).
| 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 |