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Index Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

S&P Global Agribusiness Composite Index USD (CME:SPAGRDP)

Long-Term Downtrend (-90) - SPAGRDP is in a strong downtrend that is likely to continue. While SPAGRDP 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 SPAGRDP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPAGRDP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPAGRDP
Open High Low SPAGRDP Price Change
2023.58 2034.26 2021.58 2032.24 -0.39
Entry Signal

MarketClub’s Trade Triangles for SPAGRDP

long term down The long-term trend has been DOWN since Jun 17th, 2022 at 2247.52

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2022 at 2341.92

short term down The short-term trend has been DOWN since Jun 30th, 2022 at 2138.69

Smart Scan Analysis for SPAGRDP

Based on our trend formula, SPAGRDP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SPAGRDP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2023.58 2034.26 2021.58 2032.24 -0.39
Prev. Close Volume Bid Ask Time
2032.63 0 2022-07-06 06:56:19
52wk High1775.5852wk High Date2018-01-29
52wk Low1570.3552wk Low Date2018-11-27
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