Index Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Brent+ Index (CME:SGMDBRP)
Long-Term Uptrend (+90) - SGMDBRP is in a strong uptrend that is likely to continue. While SGMDBRP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Nov 25th, 2020 at 41.149
The intermediate-term trend has been UP since Nov 10th, 2020 at 38.159
The short-term trend has been UP since Feb 22nd, 2021 at 53.977
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).