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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.

CME_SPGCL2LP
Open High Low SPGCL2LP Price Change
0.0970 0.1021 0.0962 0.0987 +0.0012
Entry Signal

MarketClub’s Trade Triangles for SPGCL2LP

long term up The long-term trend has been UP since Aug 5th, 2020 at 0.1185

intermediate term down The intermediate-term trend has been DOWN since Sep 2nd, 2020 at 0.1108

short term down 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).

-70
Smart Scan Analysis for SPGCL2LP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0970 0.1021 0.0962 0.0987 +0.0012
Prev. Close Volume Bid Ask Time
0.0940 0 2020-09-23 12:04:16
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