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Index Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

S&P GSCI 2X Leveraged All Crude ER (CME:SG2LCRP)

Crossroads (-60) - SG2LCRP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SG2LCRP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SG2LCRP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SG2LCRP
Open High Low SG2LCRP Price Change
4.4770 4.4911 4.3999 4.4639 -0.0142
Entry Signal

MarketClub’s Trade Triangles for SG2LCRP

long term up The long-term trend has been UP since Mar 1st, 2024 at 4.5843

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 4.9383

short term down The short-term trend has been DOWN since May 21st, 2024 at 4.6713

Smart Scan Analysis for SG2LCRP

Based on our trend formula, SG2LCRP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SG2LCRP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4770 4.4911 4.3999 4.4639 -0.0142
Prev. Close Volume Bid Ask Time
4.4781 0 2024-05-24 08:21:11
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