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Index Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

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.

CME_SPGBR2LP
Open High Low SPGBR2LP Price Change
177.751 180.208 176.221 178.114 +0.443
Entry Signal

MarketClub’s Trade Triangles for SPGBR2LP

long term up The long-term trend has been UP since Mar 1st, 2024 at 155.414

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 167.838

short term up The short-term trend has been UP since Apr 24th, 2024 at 175.633

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).

+55
Smart Scan Analysis for SPGBR2LP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
177.751 180.208 176.221 178.114 +0.443
Prev. Close Volume Bid Ask Time
177.671 0 2024-04-26 14:51:00
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