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Index Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

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

Weak Downtrend (-65) - SG1MENIT is showing signs of a strengthening downtrend. Monitor SG1MENIT as it may be building momentum to the downside.

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
4.0964 4.1110 4.0885 4.0957 +0.0004
Entry Signal

MarketClub’s Trade Triangles for SG1MENIT

long term up The long-term trend has been UP since Jun 3rd, 2024 at 4.3198

intermediate term down The intermediate-term trend has been DOWN since Jun 18th, 2024 at 4.1072

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 4.1278

Smart Scan Analysis for SG1MENIT

Based on our trend formula, SG1MENIT is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SG1MENIT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0964 4.1110 4.0885 4.0957 +0.0004
Prev. Close Volume Bid Ask Time
4.0953 0 2024-06-21 07:11:58
52wk High12.170752wk High Date2017-12-07
52wk Low8.752452wk Low Date2018-10-03
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