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Index Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

The Brent Crude Oil Benchmark Index (CME:SGICBRB)

Sidelines Mode (+55) - SGICBRB 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 SGICBRB?

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

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

CME_SGICBRB
Open High Low SGICBRB Price Change
7530.02 7535.39 7427.03 7435.98 -53.74
Entry Signal

MarketClub’s Trade Triangles for SGICBRB

long term up The long-term trend has been UP since Mar 1st, 2024 at 7271.04

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 7610.21

short term up The short-term trend has been UP since May 17th, 2024 at 7460.16

Smart Scan Analysis for SGICBRB

Based on our trend formula, SGICBRB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SGICBRB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7530.02 7535.39 7427.03 7435.98 -53.74
Prev. Close Volume Bid Ask Time
7489.72 0 2024-05-20 13:59:18
52wk High5999.66552wk High Date2018-10-03
52wk Low4007.39452wk Low Date2018-11-29
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