Index Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
S&P GSCI Crude Oil 2X Leveraged ER (CME:SPGCL2LP)
Strong Uptrend (+100) - SPGCL2LP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SPGCL2LP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Nov 25th, 2020 at 0.1237
The intermediate-term trend has been UP since Sep 2nd, 2021 at 0.2666
The short-term trend has been UP since Oct 8th, 2021 at 0.3483
Smart Scan Analysis for SPGCL2LP
Based on our trend formula, SPGCL2LP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).