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Index Trend Analysis Report

Prepared for you on Sunday, June 26, 2022.

The Brent Crude Oil Benchmark Index (CME:SGICBRB)

Crossroads (-60) - SGICBRB 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 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
7975.59 8274.68 7941.02 8198.78 +198.39
Entry Signal

MarketClub’s Trade Triangles for SGICBRB

long term up The long-term trend has been UP since Jan 12th, 2022 at 5732.62

intermediate term down The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 8203.29

short term down The short-term trend has been DOWN since Jun 16th, 2022 at 8711.97

Smart Scan Analysis for SGICBRB

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

-60
Smart Scan Analysis for SGICBRB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7975.59 8274.68 7941.02 8198.78 +198.39
Prev. Close Volume Bid Ask Time
8198.78 0 2022-06-24 17:08:18
52wk High5999.66552wk High Date2018-10-03
52wk Low4007.39452wk Low Date2018-11-29
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