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Index Trend Analysis Report
Prepared for you on Monday, September 16, 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.
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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 DOWN since Sep 3rd, 2024 at 221.60
The short-term trend has been UP since Sep 12th, 2024 at 204.61
Smart Scan Analysis for SPGBR2LT
Based on our trend formula, SPGBR2LT is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 200.12 | 209.47 | 199.45 | 206.32 | +5.63 |
| Prev. Close | Volume | Bid | Ask | Time |
| 200.69 | 0 | 2024-09-16 14:54:00 |