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Index Trend Analysis Report
Prepared for you on Monday, May 23, 2022.
S&P GSCI Brent Crude Enhanced 2X Leveraged ER (CME:SGEBR2LP)
Countertrend Up (+85) - SGEBR2LP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SGEBR2LP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGEBR2LP.
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 SGEBR2LP
The long-term trend has been UP since Jan 14th, 2022 at 494.605
The intermediate-term trend has been UP since May 17th, 2022 at 908.140
The short-term trend has been DOWN since May 19th, 2022 at 802.180
Smart Scan Analysis for SGEBR2LP
Based on our trend formula, SGEBR2LP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 873.66 | 887.31 | 852.33 | 872.25 | +9.57 |
| Prev. Close | Volume | Bid | Ask | Time |
| 862.68 | 0 | 2022-05-23 14:20:33 |