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Index Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

S&P GSCI Inverse Energy 1 Month Forward Capped Commodity TR (CME:SG1MENIT)

Countertrend Down (-85) - SG1MENIT 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 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.

CME_SG1MENIT
Open High Low SG1MENIT Price Change
6.1643 6.1933 6.0853 6.1033 -0.1184
Entry Signal

MarketClub’s Trade Triangles for SG1MENIT

long term down The long-term trend has been DOWN since Jan 14th, 2022 at 6.1866

intermediate term down The intermediate-term trend has been DOWN since Dec 27th, 2021 at 6.9613

short term up The short-term trend has been UP since Jan 20th, 2022 at 6.1734

Smart Scan Analysis for SG1MENIT

Based on our trend formula, SG1MENIT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SG1MENIT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.1643 6.1933 6.0853 6.1033 -0.1184
Prev. Close Volume Bid Ask Time
6.1033 0 2022-01-21 15:45:19
52wk High12.170752wk High Date2017-12-07
52wk Low8.752452wk Low Date2018-10-03
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