Index Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
S&P GSCI Inverse All Crude TR (CME:SG1ICRTR)
Long-Term Downtrend (-90) - SG1ICRTR is in a strong downtrend that is likely to continue. While SG1ICRTR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SG1ICRTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SG1ICRTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SG1ICRTR
The long-term trend has been DOWN since Jul 21st, 2020 at 86.824
The intermediate-term trend has been DOWN since May 15th, 2020 at 124.070
The short-term trend has been DOWN since Aug 4th, 2020 at 86.541
Smart Scan Analysis for SG1ICRTR
Based on our trend formula, SG1ICRTR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).