Index Trend Analysis Report
Prepared for you on Monday, September 20, 2021.
The Brent Crude Oil Benchmark Index (CME:SGICBRB)
Bull Market Weakness (+75) - SGICBRB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGICBRB as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for SGICBRB
The long-term trend has been UP since Nov 25th, 2020 at 3016.17
The intermediate-term trend has been UP since Aug 30th, 2021 at 4712.27
The short-term trend has been DOWN since Sep 20th, 2021 at 4871.92
Smart Scan Analysis for SGICBRB
Based on our trend formula, SGICBRB is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||5999.665||52wk High Date||2018-10-03|
|52wk Low||4007.394||52wk Low Date||2018-11-29|