Index Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
S&P GSCI Inverse All Crude TR (CME:SG1ICRTR)
Long-Term Uptrend (+90) - SG1ICRTR is in a strong uptrend that is likely to continue. While SG1ICRTR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Nov 16th, 2023 at 25.450
The intermediate-term trend has been UP since Oct 4th, 2023 at 22.913
The short-term trend has been UP since Dec 1st, 2023 at 25.262
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).