Index Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
S&P GSCI Brent Crude ER (CME:SPGSBRP)
Bull Market Weakness (+75) - SPGSBRP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPGSBRP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPGSBRP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSBRP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGSBRP
The long-term trend has been DOWN since Feb 3rd, 2020 at 357.56
The intermediate-term trend has been UP since May 18th, 2020 at 181.74
The short-term trend has been UP since May 26th, 2020 at 203.93
Smart Scan Analysis for SPGSBRP
Based on our trend formula, SPGSBRP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||499.0666||52wk High Date||2018-10-03|
|52wk Low||333.1331||52wk Low Date||2018-11-29|