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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.

CME_SGMDBRP
Open High Low SGMDBRP Price Change
37.083 37.490 36.542 36.711 -0.533
Entry Signal

MarketClub’s Trade Triangles for SGMDBRP

long term down The long-term trend has been DOWN since Oct 1st, 2020 at 36.057

intermediate term down The intermediate-term trend has been DOWN since Sep 3rd, 2020 at 39.419

short term down 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).

-90
Smart Scan Analysis for SGMDBRP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.083 37.490 36.542 36.711 -0.533
Prev. Close Volume Bid Ask Time
37.238 0 2020-10-23 15:09:47
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