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.
MarketClub’s Trade Triangles for SPGCL2LP
The long-term trend has been UP since Jan 18th, 2022 at 0.4068
The intermediate-term trend has been UP since Dec 22nd, 2021 at 0.2951
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).