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Index Trend Analysis Report

Prepared for you on Sunday, August 9, 2020.

S&P Crude Oil - Equity Spread Index ER (CME:SPCOESP)

Crossroads (-60) - SPCOESP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SPCOESP?

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

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

CME_SPCOESP
Open High Low SPCOESP Price Change
3.71 3.74 3.65 3.65 -0.08
Entry Signal

MarketClub’s Trade Triangles for SPCOESP

long term down The long-term trend has been DOWN since Jan 15th, 2020 at 10.14

intermediate term up The intermediate-term trend has been UP since Aug 5th, 2020 at 3.85

short term up The short-term trend has been UP since Aug 4th, 2020 at 3.77

Smart Scan Analysis for SPCOESP

Based on our trend formula, SPCOESP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SPCOESP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.71 3.74 3.65 3.65 -0.08
Prev. Close Volume Bid Ask Time
3.47 0 2020-08-07 16:29:38
52wk High15.9252wk High Date2018-07-03
52wk Low10.7652wk Low Date2018-11-29
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