Index Trend Analysis Report
Prepared for you on Thursday, August 5, 2021.
S&P GSCI Inverse Industrial Metals 1 Month Forward Capped Commodity TR (CME:SG1MINIT)
Countertrend Down (-85) - SG1MINIT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Jun 30th, 2020 at 36.632
The intermediate-term trend has been DOWN since Jul 6th, 2021 at 24.124
The short-term trend has been UP since Aug 3rd, 2021 at 23.628
Smart Scan Analysis for SG1MINIT
Based on our trend formula, SG1MINIT is rated as a -85 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|