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Index Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

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.

CME_SG1MINIT
Open High Low SG1MINIT Price Change
23.905 24.038 23.706 23.835 -0.084
Entry Signal

MarketClub’s Trade Triangles for SG1MINIT

long term down The long-term trend has been DOWN since Mar 15th, 2024 at 24.817

intermediate term up The intermediate-term trend has been UP since Jun 5th, 2024 at 23.233

short term down The short-term trend has been DOWN since Jun 19th, 2024 at 23.956

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).

+55
Smart Scan Analysis for SG1MINIT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.905 24.038 23.706 23.835 -0.084
Prev. Close Volume Bid Ask Time
23.919 0 2024-06-20 21:41:43
52wk High35.788652wk High Date2018-11-27
52wk Low27.431852wk Low Date2018-04-19
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