Index Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
S&P GSCI Crude Oil 2X Leveraged ER (CME:SPGCL2LP)
Sidelines Mode (-55) - SPGCL2LP 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 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 DOWN since Jan 31st, 2020 at 3.3558
The intermediate-term trend has been DOWN since Jan 8th, 2020 at 4.5640
The short-term trend has been UP since Feb 12th, 2020 at 3.3329
Smart Scan Analysis for SPGCL2LP
Based on our trend formula, SPGCL2LP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).