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Index Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
S&P GSCI Inverse Energy 1 Month Forward Capped Commodity TR (CME:SG1MENIT)
Long-Term Downtrend (-90) - SG1MENIT is in a strong downtrend that is likely to continue. While SG1MENIT 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 SG1MENIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SG1MENIT.
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 SG1MENIT
The long-term trend has been DOWN since Nov 24th, 2020 at 12.7725
The intermediate-term trend has been DOWN since Aug 30th, 2021 at 7.7331
The short-term trend has been DOWN since Oct 11th, 2021 at 6.3608
Smart Scan Analysis for SG1MENIT
Based on our trend formula, SG1MENIT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.3170 | 6.3649 | 6.2901 | 6.3394 | +0.0012 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.3364 | 0 | 2021-10-15 15:09:48 |
| 52wk High | 12.1707 | 52wk High Date | 2017-12-07 |
| 52wk Low | 8.7524 | 52wk Low Date | 2018-10-03 |