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Index Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Brent+ Index (CME:SGMDBRP)
Sidelines Mode (+50) - SGMDBRP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SGMDBRP can gain momentum.
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 UP since Oct 1st, 2024 at 80.609
The short-term trend has been UP since Oct 22nd, 2024 at 80.409
Smart Scan Analysis for SGMDBRP
Based on our trend formula, SGMDBRP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 80.067 | 81.740 | 79.711 | 81.643 | +1.554 |
| Prev. Close | Volume | Bid | Ask | Time |
| 81.643 | 0 | 2024-10-25 15:10:00 |