Index Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
The Brent x5 Leveraged Index (CME:SGIXBR5L)
Long-Term Downtrend (-90) - SGIXBR5L is in a strong downtrend that is likely to continue. While SGIXBR5L is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SGIXBR5L?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGIXBR5L.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGIXBR5L
The long-term trend has been DOWN since Feb 3rd, 2020 at 0.0980
The intermediate-term trend has been DOWN since Jan 9th, 2020 at 0.1970
The short-term trend has been DOWN since Feb 24th, 2020 at 0.1021
Smart Scan Analysis for SGIXBR5L
Based on our trend formula, SGIXBR5L is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2.3143||52wk High Date||2018-10-03|
|52wk Low||0.2325||52wk Low Date||2018-11-29|