Index Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
S&P GSCI Crude Oil Enhanced ER (CME:SPGSCIECLP)
Sidelines Mode (+55) - SPGSCIECLP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPGSCIECLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSCIECLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGSCIECLP
The long-term trend has been DOWN since Feb 3rd, 2020 at 397.07
The intermediate-term trend has been UP since May 18th, 2020 at 183.68
The short-term trend has been DOWN since May 22nd, 2020 at 189.00
Smart Scan Analysis for SPGSCIECLP
Based on our trend formula, SPGSCIECLP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||644.828||52wk High Date||2018-10-03|
|52wk Low||414.526||52wk Low Date||2018-11-29|