Index Trend Analysis Report
Prepared for you on Wednesday, September 23, 2020.
S&P GSCI Crude Oil 2X Leveraged ER (CME:SPGCL2LP)
Weak Downtrend (-65) - SPGCL2LP is showing signs of a strengthening downtrend. Monitor SPGCL2LP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SPGCL2LP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGCL2LP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGCL2LP
The long-term trend has been UP since Aug 5th, 2020 at 0.1185
The intermediate-term trend has been DOWN since Sep 2nd, 2020 at 0.1108
The short-term trend has been DOWN since Sep 21st, 2020 at 0.0961
Smart Scan Analysis for SPGCL2LP
Based on our trend formula, SPGCL2LP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).