Index Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
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.
MarketClub’s Trade Triangles for SGICBRB
The long-term trend has been DOWN since Nov 8th, 2023 at 6904.12
The intermediate-term trend has been DOWN since Oct 4th, 2023 at 7628.39
The short-term trend has been DOWN since Dec 1st, 2023 at 6922.71
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).
|52wk High||5999.665||52wk High Date||2018-10-03|
|52wk Low||4007.394||52wk Low Date||2018-11-29|