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Index Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

S&P Oil & Gas Exploration & Production Select Industry Index (CME:SPSIOP)

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

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

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

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

CME_SPSIOP
Open High Low SPSIOP Price Change
5672.24 5672.24 5601.27 5662.46 -9.78
Entry Signal

MarketClub’s Trade Triangles for SPSIOP

long term up The long-term trend has been UP since Mar 1st, 2024 at 5478.44

intermediate term down The intermediate-term trend has been DOWN since May 1st, 2024 at 5834.01

short term up The short-term trend has been UP since Jun 24th, 2024 at 5574.89

Smart Scan Analysis for SPSIOP

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

+75
Smart Scan Analysis for SPSIOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5672.24 5672.24 5601.27 5662.46 -9.78
Prev. Close Volume Bid Ask Time
5672.24 0 2024-06-25 16:20:00
52wk High6918.5352wk High Date2018-07-10
52wk Low4719.2952wk Low Date2018-02-09
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