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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.

CME_SGMDBRP
Open High Low SGMDBRP Price Change
54.638 55.001 53.979 54.207 -0.651
Entry Signal

MarketClub’s Trade Triangles for SGMDBRP

long term up The long-term trend has been UP since Nov 25th, 2020 at 41.149

intermediate term up The intermediate-term trend has been UP since Nov 10th, 2020 at 38.159

short term up 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).

+90
Smart Scan Analysis for SGMDBRP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
54.638 55.001 53.979 54.207 -0.651
Prev. Close Volume Bid Ask Time
54.858 0 2021-02-26 14:00:32
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