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Index Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

S&P GSCI All Wheat ER (CME:SPGSWTP)

Bull Market Weakness (+75) - SPGSWTP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPGSWTP as it may be in the beginning stages of a reversal.

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

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

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

CME_SPGSWTP
Open High Low SPGSWTP Price Change
7.7414 7.8746 7.5794 7.5910 -0.1525
Entry Signal

MarketClub’s Trade Triangles for SPGSWTP

long term up The long-term trend has been UP since May 6th, 2024 at 7.4417

intermediate term up The intermediate-term trend has been UP since Mar 25th, 2024 at 6.7299

short term down The short-term trend has been DOWN since May 17th, 2024 at 7.6678

Smart Scan Analysis for SPGSWTP

Based on our trend formula, SPGSWTP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for SPGSWTP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.7414 7.8746 7.5794 7.5910 -0.1525
Prev. Close Volume Bid Ask Time
7.5910 0 2024-05-17 15:44:00
52wk High10.1597452wk High Date2018-08-02
52wk Low7.7090652wk Low Date2017-12-12
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