Index Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
S&P GSCI Brent Crude 2X Leveraged ER (CME:SPGBR2LP)
Sidelines Mode (-55) - SPGBR2LP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for SPGBR2LP
The long-term trend has been UP since Jan 14th, 2022 at 134.9938
The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 235.6750
The short-term trend has been UP since Jun 27th, 2022 at 239.8530
Smart Scan Analysis for SPGBR2LP
Based on our trend formula, SPGBR2LP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).