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Index Trend Analysis Report
Prepared for you on Saturday, June 10, 2023.
S&P GSCI Energy 3 Month Forward Capped Commodity TR (CME:SG3MENCT)
Strong Downtrend (-100) - SG3MENCT is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SG3MENCT continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SG3MENCT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SG3MENCT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SG3MENCT
The long-term trend has been DOWN since Sep 19th, 2022 at 989.00
The intermediate-term trend has been DOWN since May 31st, 2023 at 848.27
The short-term trend has been DOWN since Jun 8th, 2023 at 862.23
Smart Scan Analysis for SG3MENCT
Based on our trend formula, SG3MENCT is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 875.09 | 884.41 | 869.42 | 869.86 | -5.67 |
| Prev. Close | Volume | Bid | Ask | Time |
| 869.86 | 0 | 2023-06-09 15:52:47 |
| 52wk High | 717.606 | 52wk High Date | 2018-10-03 |
| 52wk Low | 518.478 | 52wk Low Date | 2017-12-14 |