Index Trend Analysis Report
Prepared for you on Saturday, September 26, 2020.
S&P GSCI Natural Gas ER (CME:SPGSNGP)
Countertrend Down (-85) - SPGSNGP 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 SPGSNGP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSNGP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGSNGP
The long-term trend has been DOWN since Nov 29th, 2019 at 7.6300
The intermediate-term trend has been DOWN since Sep 8th, 2020 at 5.3298
The short-term trend has been UP since Sep 24th, 2020 at 5.2185
Smart Scan Analysis for SPGSNGP
Based on our trend formula, SPGSNGP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||17.33447||52wk High Date||2018-11-14|
|52wk Low||8.98411||52wk Low Date||2017-12-21|