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Index Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Brent+ Index (CME:SGMDBRP)

Strong Downtrend (-100) - SGMDBRP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SGMDBRP continues to fall. 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.

CME_SGMDBRP
Open High Low SGMDBRP Price Change
86.072 86.115 86.072 86.115 +0.011
Entry Signal

MarketClub’s Trade Triangles for SGMDBRP

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 83.241

intermediate term down The intermediate-term trend has been DOWN since Jul 16th, 2024 at 88.076

short term down The short-term trend has been DOWN since Jul 19th, 2024 at 87.042

Smart Scan Analysis for SGMDBRP

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

-100
Smart Scan Analysis for SGMDBRP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
86.072 86.115 86.072 86.115 +0.011
Prev. Close Volume Bid Ask Time
86.104 0 2024-07-23 00:52:45
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