Index Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
S&P GSCI Brent Crude Dynamic Roll ER (CME:SPDYBRP)
Countertrend Down (-85) - SPDYBRP 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 SPDYBRP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPDYBRP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPDYBRP
The long-term trend has been DOWN since Jul 14th, 2022 at 1215.71
The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 1395.53
The short-term trend has been UP since Aug 18th, 2022 at 1276.99
Smart Scan Analysis for SPDYBRP
Based on our trend formula, SPDYBRP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).