Index Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
S&P GSCI Brent Crude 2X Leveraged (CME:SPGBR2L)
Weak Downtrend (-65) - SPGBR2L is showing signs of a strengthening downtrend. Monitor SPGBR2L as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for SPGBR2L
The long-term trend has been UP since Sep 27th, 2021 at 273.019
The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 292.933
The short-term trend has been DOWN since Nov 26th, 2021 at 264.920
Smart Scan Analysis for SPGBR2L
Based on our trend formula, SPGBR2L is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).