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Index Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

Brent+ Index (CME:SGMDBRP)

Countertrend Down (-85) - SGMDBRP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
78.201 78.201 78.201 78.201 -0.128
Entry Signal

MarketClub’s Trade Triangles for SGMDBRP

long term down The long-term trend has been DOWN since Jul 14th, 2022 at 88.992

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 82.574

short term up The short-term trend has been UP since Mar 21st, 2023 at 77.654

Smart Scan Analysis for SGMDBRP

Based on our trend formula, SGMDBRP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SGMDBRP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
78.201 78.201 78.201 78.201 -0.128
Prev. Close Volume Bid Ask Time
78.329 0 2023-03-24 01:27:15
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