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Index Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
S&P GSCI Inverse Energy 1 Month Forward Capped Commodity TR (CME:SG1MENIT)
Long-Term Uptrend (+90) - SG1MENIT is in a strong uptrend that is likely to continue. While SG1MENIT 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 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 UP since Jun 3rd, 2024 at 4.3198
The intermediate-term trend has been UP since Jul 14th, 2024 at 4.1921
The short-term trend has been UP since Jul 7th, 2024 at 4.0722
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 |
|---|---|---|---|---|
| 4.2931 | 4.3985 | 4.2897 | 4.3654 | +0.0762 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.2892 | 0 | 2024-07-26 15:33:15 |
| 52wk High | 12.1707 | 52wk High Date | 2017-12-07 |
| 52wk Low | 8.7524 | 52wk Low Date | 2018-10-03 |