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Index Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

S&P GSCI Crude Oil 2X Leveraged ER (CME:SPGCL2LP)

Countertrend Up (+85) - SPGCL2LP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SPGCL2LP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGCL2LP.

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

CME_SPGCL2LP
Open High Low SPGCL2LP Price Change
0.3946 0.4090 0.3895 0.4052 +0.0178
Entry Signal

MarketClub’s Trade Triangles for SPGCL2LP

long term up The long-term trend has been UP since Jan 18th, 2022 at 0.4068

intermediate term up The intermediate-term trend has been UP since Dec 22nd, 2021 at 0.2951

short term down The short-term trend has been DOWN since Jan 20th, 2022 at 0.3880

Smart Scan Analysis for SPGCL2LP

Based on our trend formula, SPGCL2LP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SPGCL2LP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.3946 0.4090 0.3895 0.4052 +0.0178
Prev. Close Volume Bid Ask Time
0.4052 0 2022-01-21 15:45:19
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