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Index Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Brent+ Index (CME:SGMDBRP)
Sidelines Mode (-55) - SGMDBRP 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 SGMDBRP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGMDBRP.
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 SGMDBRP
The long-term trend has been DOWN since Jun 3rd, 2024 at 83.241
The intermediate-term trend has been DOWN since Oct 28th, 2024 at 77.883
The short-term trend has been UP since Dec 24th, 2024 at 79.543
Smart Scan Analysis for SGMDBRP
Based on our trend formula, SGMDBRP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 79.855 | 80.193 | 79.681 | 80.139 | +0.185 |
| Prev. Close | Volume | Bid | Ask | Time |
| 79.954 | 0 | 2024-12-26 06:27:15 |