Index Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
S&P GSCI Brent Crude Enhanced TR (CME:SGESBRTR)
Sidelines Mode (-55) - SGESBRTR 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 SGESBRTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGESBRTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGESBRTR
The long-term trend has been UP since Jan 12th, 2022 at 1095.49
The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 1585.80
The short-term trend has been UP since Aug 18th, 2022 at 1481.65
Smart Scan Analysis for SGESBRTR
Based on our trend formula, SGESBRTR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1208.623||52wk High Date||2018-10-03|
|52wk Low||807.197||52wk Low Date||2017-12-07|