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Index Trend Analysis Report

Prepared for you on Saturday, March 25, 2023.

S&P GSCI Brent Crude 2X Leveraged (CME:SPGBR2L)

Strong Downtrend (-100) - SPGBR2L is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SPGBR2L continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SPGBR2L?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGBR2L.

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

CME_SPGBR2L
Open High Low SPGBR2L Price Change
191.75 194.09 176.17 187.42 -1.68
Entry Signal

MarketClub’s Trade Triangles for SPGBR2L

long term down The long-term trend has been DOWN since Jul 6th, 2022 at 366.34

intermediate term down The intermediate-term trend has been DOWN since Feb 6th, 2023 at 217.23

short term down The short-term trend has been DOWN since Mar 24th, 2023 at 178.00

Smart Scan Analysis for SPGBR2L

Based on our trend formula, SPGBR2L is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for SPGBR2L
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
191.75 194.09 176.17 187.42 -1.68
Prev. Close Volume Bid Ask Time
187.52 0 2023-03-24 14:53:00
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