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Index Trend Analysis Report

Prepared for you on Wednesday, October 5, 2022.

S&P GSCI Brent Crude 2X Leveraged TR (CME:SPGBR2LT)

Sidelines Mode (-55) - SPGBR2LT 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 SPGBR2LT?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGBR2LT.

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

CME_SPGBR2LT
Open High Low SPGBR2LT Price Change
264.65 277.71 260.78 273.72 +8.67
Entry Signal

MarketClub’s Trade Triangles for SPGBR2LT

long term down The long-term trend has been DOWN since Jul 14th, 2022 at 264.48

intermediate term down The intermediate-term trend has been DOWN since Sep 7th, 2022 at 260.12

short term up The short-term trend has been UP since Sep 29th, 2022 at 245.50

Smart Scan Analysis for SPGBR2LT

Based on our trend formula, SPGBR2LT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SPGBR2LT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
264.65 277.71 260.78 273.72 +8.67
Prev. Close Volume Bid Ask Time
265.05 0 2022-10-05 13:50:41
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