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Index Trend Analysis Report

Prepared for you on Wednesday, September 28, 2022.

S&P GSCI Cocoa Dynamic Roll ER (CME:SPDYCCP)

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

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

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

CME_SPDYCCP
Open High Low SPDYCCP Price Change
56.182 56.932 55.957 56.882 +1.050
Entry Signal

MarketClub’s Trade Triangles for SPDYCCP

long term down The long-term trend has been DOWN since May 6th, 2022 at 63.194

intermediate term down The intermediate-term trend has been DOWN since Aug 23rd, 2022 at 58.228

short term down The short-term trend has been DOWN since Sep 22nd, 2022 at 58.282

Smart Scan Analysis for SPDYCCP

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

-90
Smart Scan Analysis for SPDYCCP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.182 56.932 55.957 56.882 +1.050
Prev. Close Volume Bid Ask Time
56.882 0 2022-09-27 15:39:18
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