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Index Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

The Brent Crude Oil Benchmark Index (CME:SGICBRB)

Strong Downtrend (-100) - SGICBRB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SGICBRB continues to fall. Traders should use caution and set stops.

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
6704.59 6731.64 6645.81 6655.14 -70.91
Entry Signal

MarketClub’s Trade Triangles for SGICBRB

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 7099.19

intermediate term down The intermediate-term trend has been DOWN since Oct 28th, 2024 at 6705.00

short term down The short-term trend has been DOWN since Dec 6th, 2024 at 6701.79

Smart Scan Analysis for SGICBRB

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

-100
Smart Scan Analysis for SGICBRB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6704.59 6731.64 6645.81 6655.14 -70.91
Prev. Close Volume Bid Ask Time
6726.05 0 2024-12-06 08:46:18
52wk High5999.66552wk High Date2018-10-03
52wk Low4007.39452wk Low Date2018-11-29
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