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Index Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

S&P GSCI Soybean Oil Dynamic Roll ER (CME:SPDYBOP)

Sidelines Mode (+55) - SPDYBOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

CME_SPDYBOP
Open High Low SPDYBOP Price Change
92.351 92.471 91.992 92.251 -0.120
Entry Signal

MarketClub’s Trade Triangles for SPDYBOP

long term down The long-term trend has been DOWN since Apr 30th, 2024 at 87.973

intermediate term up The intermediate-term trend has been UP since May 17th, 2024 at 93.151

short term down The short-term trend has been DOWN since May 23rd, 2024 at 92.211

Smart Scan Analysis for SPDYBOP

Based on our trend formula, SPDYBOP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SPDYBOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
92.351 92.471 91.992 92.251 -0.120
Prev. Close Volume Bid Ask Time
92.371 0 2024-05-24 09:20:58
52wk High61.69552wk High Date2017-11-30
52wk Low46.557352wk Low Date2018-11-26
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