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Index Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Brent+ Index (CME:SGMDBRP)

Countertrend Down (-85) - SGMDBRP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

CME_SGMDBRP
Open High Low SGMDBRP Price Change
65.927 67.675 65.900 66.956 +1.697
Entry Signal

MarketClub’s Trade Triangles for SGMDBRP

long term down The long-term trend has been DOWN since Dec 2nd, 2021 at 60.186

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 72.129

short term up The short-term trend has been UP since Dec 6th, 2021 at 64.917

Smart Scan Analysis for SGMDBRP

Based on our trend formula, SGMDBRP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SGMDBRP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
65.927 67.675 65.900 66.956 +1.697
Prev. Close Volume Bid Ask Time
65.259 0 2021-12-07 20:29:47
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