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Index Trend Analysis Report
Prepared for you on Tuesday, May 7, 2024.
S&P GSCI Gasoil (CME:SPGSGO)
Countertrend Down (-85) - SPGSGO is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SPGSGO?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSGO.
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 SPGSGO
The long-term trend has been DOWN since Nov 7th, 2023 at 757.26
The intermediate-term trend has been DOWN since Apr 17th, 2024 at 735.73
The short-term trend has been UP since May 7th, 2024 at 702.64
Smart Scan Analysis for SPGSGO
Based on our trend formula, SPGSGO is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 700.93 | 703.34 | 690.49 | 698.84 | -2.27 |
| Prev. Close | Volume | Bid | Ask | Time |
| 701.11 | 0 | 2024-05-07 23:18:00 |
| 52wk High | 696.9835 | 52wk High Date | 2018-10-04 |
| 52wk Low | 503.016 | 52wk Low Date | 2018-02-14 |