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Index Trend Analysis Report

Prepared for you on Thursday, November 21, 2024.

S&P GSCI Soybean Meal Dynamic Roll ER (CME:SPDYSMP)

Strong Downtrend (-100) - SPDYSMP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SPDYSMP continues to fall. Traders should use caution and set stops.

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

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

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

CME_SPDYSMP
Open High Low SPDYSMP Price Change
915.36 916.61 904.08 906.28 -8.76
Entry Signal

MarketClub’s Trade Triangles for SPDYSMP

long term down The long-term trend has been DOWN since Nov 1st, 2024 at 941.62

intermediate term down The intermediate-term trend has been DOWN since Oct 10th, 2024 at 995.55

short term down The short-term trend has been DOWN since Nov 20th, 2024 at 905.65

Smart Scan Analysis for SPDYSMP

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

-100
Smart Scan Analysis for SPDYSMP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
915.36 916.61 904.08 906.28 -8.76
Prev. Close Volume Bid Ask Time
915.04 0 2024-11-21 23:08:53
52wk High950.144952wk High Date2018-05-01
52wk Low728.480852wk Low Date2018-11-26
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