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Index Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
S&P GSCI 1 Month Forward (CME:SG1MCI)
Countertrend Down (-85) - SG1MCI 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 SG1MCI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SG1MCI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SG1MCI
The long-term trend has been DOWN since Jul 1st, 2022 at 395.10
The intermediate-term trend has been DOWN since Feb 6th, 2023 at 326.22
The short-term trend has been UP since Mar 27th, 2023 at 314.85
Smart Scan Analysis for SG1MCI
Based on our trend formula, SG1MCI is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 318.16 | 321.26 | 317.39 | 319.97 | +1.20 |
| Prev. Close | Volume | Bid | Ask | Time |
| 318.77 | 0 | 2023-03-28 15:43:57 |