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Index Trend Analysis Report
Prepared for you on Friday, May 10, 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.
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MarketClub’s Trade Triangles for SGICBRB
The long-term trend has been UP since Mar 1st, 2024 at 7271.04
The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 7610.21
The short-term trend has been UP since May 9th, 2024 at 7463.70
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7522.06 | 7524.20 | 7377.28 | 7379.07 | -88.12 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7467.19 | 0 | 2024-05-10 13:59:33 |
| 52wk High | 5999.665 | 52wk High Date | 2018-10-03 |
| 52wk Low | 4007.394 | 52wk Low Date | 2018-11-29 |