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Index Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

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.

CME_SPGCL2LP
Open High Low SPGCL2LP Price Change
0.3368 0.3492 0.3293 0.3483 +0.0089
Entry Signal

MarketClub’s Trade Triangles for SPGCL2LP

long term down The long-term trend has been DOWN since Nov 8th, 2023 at 0.3385

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2023 at 0.4231

short term up The short-term trend has been UP since Nov 29th, 2023 at 0.3416

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).

-55
Smart Scan Analysis for SPGCL2LP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.3368 0.3492 0.3293 0.3483 +0.0089
Prev. Close Volume Bid Ask Time
0.3394 0 2023-11-29 15:34:00
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