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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.

CME_SPGSNGP
Open High Low SPGSNGP Price Change
5.2865 5.3581 5.1468 5.1505 -0.0992
Entry Signal

MarketClub’s Trade Triangles for SPGSNGP

long term down The long-term trend has been DOWN since Nov 29th, 2019 at 7.6300

intermediate term down The intermediate-term trend has been DOWN since Sep 8th, 2020 at 5.3298

short term up 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).

-85
Smart Scan Analysis for SPGSNGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2865 5.3581 5.1468 5.1505 -0.0992
Prev. Close Volume Bid Ask Time
5.0513 0 2020-09-25 14:29:27
52wk High17.3344752wk High Date2018-11-14
52wk Low8.9841152wk Low Date2017-12-21
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