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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.

CME_SG1MENIT
Open High Low SG1MENIT Price Change
6.3170 6.3649 6.2901 6.3394 +0.0012
Entry Signal

MarketClub’s Trade Triangles for SG1MENIT

long term down The long-term trend has been DOWN since Nov 24th, 2020 at 12.7725

intermediate term down The intermediate-term trend has been DOWN since Aug 30th, 2021 at 7.7331

short term down 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).

-90
Smart Scan Analysis for SG1MENIT
Strong Downtrend Sideways 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 High12.170752wk High Date2017-12-07
52wk Low8.752452wk Low Date2018-10-03
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