Index Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
Brent+ Index (CME:SGMDBRP)
Long-Term Downtrend (-90) - SGMDBRP is in a strong downtrend that is likely to continue. While SGMDBRP 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 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.
MarketClub’s Trade Triangles for SGMDBRP
The long-term trend has been DOWN since Oct 1st, 2020 at 36.057
The intermediate-term trend has been DOWN since Sep 3rd, 2020 at 39.419
The short-term trend has been DOWN since Oct 21st, 2020 at 37.239
Smart Scan Analysis for SGMDBRP
Based on our trend formula, SGMDBRP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).