Index Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
S&P GSCI Inverse Industrial Metals 1 Month Forward Capped Commodity TR (CME:SG1MINIT)
Sidelines Mode (-55) - SG1MINIT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SG1MINIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SG1MINIT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SG1MINIT
The long-term trend has been UP since Dec 2nd, 2019 at 35.069
The intermediate-term trend has been DOWN since May 7th, 2020 at 39.811
The short-term trend has been UP since May 22nd, 2020 at 39.727
Smart Scan Analysis for SG1MINIT
Based on our trend formula, SG1MINIT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||35.7886||52wk High Date||2018-11-27|
|52wk Low||27.4318||52wk Low Date||2018-04-19|