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Index Trend Analysis Report

Prepared for you on Wednesday, May 8, 2024.

S&P GSCI Unleaded Gasoline (CME:SPGSHU)

Crossroads (-60) - SPGSHU is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SPGSHU?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSHU.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPGSHU
Open High Low SPGSHU Price Change
534.51 534.51 525.23 531.70 -2.51
Entry Signal

MarketClub’s Trade Triangles for SPGSHU

long term up The long-term trend has been UP since Feb 7th, 2024 at 496.90

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2024 at 564.52

short term down The short-term trend has been DOWN since Apr 30th, 2024 at 578.18

Smart Scan Analysis for SPGSHU

Based on our trend formula, SPGSHU is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SPGSHU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
534.51 534.51 525.23 531.70 -2.51
Prev. Close Volume Bid Ask Time
534.21 0 2024-05-08 08:57:00
52wk High484.238252wk High Date2018-05-22
52wk Low287.603452wk Low Date2018-11-29
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