Index Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
S&P GSCI Inverse All Crude ER (CME:SG1ICRP)
Countertrend Down (-85) - SG1ICRP 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 SG1ICRP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SG1ICRP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SG1ICRP
The long-term trend has been DOWN since Nov 11th, 2020 at 45.542
The intermediate-term trend has been DOWN since Aug 30th, 2021 at 25.795
The short-term trend has been UP since Oct 21st, 2021 at 21.684
Smart Scan Analysis for SG1ICRP
Based on our trend formula, SG1ICRP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).