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Index Trend Analysis Report
Prepared for you on Friday, May 17, 2024.
S&P GSCI Heating Oil ER (CME:SPGSHOP)
Countertrend Down (-85) - SPGSHOP 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 SPGSHOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSHOP.
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MarketClub’s Trade Triangles for SPGSHOP
The long-term trend has been DOWN since May 1st, 2024 at 438.14
The intermediate-term trend has been DOWN since Apr 17th, 2024 at 453.29
The short-term trend has been UP since May 16th, 2024 at 434.19
Smart Scan Analysis for SPGSHOP
Based on our trend formula, SPGSHOP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 434.14 | 435.49 | 432.58 | 433.39 | -0.43 |
| Prev. Close | Volume | Bid | Ask | Time |
| 433.82 | 0 | 2024-05-17 07:50:00 |
| 52wk High | 263.2368 | 52wk High Date | 2018-10-03 |
| 52wk Low | 195.0896 | 52wk Low Date | 2018-02-14 |