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Index Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
S&P GSCI Inverse Energy 1 Month Forward Capped Commodity TR (CME:SG1MENIT)
Crossroads (-60) - SG1MENIT is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Nov 21st, 2024 at 4.5353
The short-term trend has been DOWN since Nov 18th, 2024 at 4.6720
Smart Scan Analysis for SG1MENIT
Based on our trend formula, SG1MENIT is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5552 | 4.5713 | 4.5302 | 4.5620 | +0.0069 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5551 | 0 | 2024-11-22 04:22:38 |
| 52wk High | 12.1707 | 52wk High Date | 2017-12-07 |
| 52wk Low | 8.7524 | 52wk Low Date | 2018-10-03 |