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Index Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
S&P GSCI Brent Crude 2X Leveraged ER (CME:SPGBR2LP)
Long-Term Downtrend (-90) - SPGBR2LP is in a strong downtrend that is likely to continue. While SPGBR2LP 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 SPGBR2LP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGBR2LP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPGBR2LP
The long-term trend has been DOWN since Jun 3rd, 2024 at 146.487
The intermediate-term trend has been DOWN since Jul 16th, 2024 at 163.202
The short-term trend has been DOWN since Jul 19th, 2024 at 161.185
Smart Scan Analysis for SPGBR2LP
Based on our trend formula, SPGBR2LP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 157.553 | 157.977 | 149.414 | 150.957 | -6.943 |
| Prev. Close | Volume | Bid | Ask | Time |
| 157.900 | 0 | 2024-07-26 14:53:00 |