Index Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
S&P GSCI Crude Oil 2X Leveraged ER (CME:SPGCL2LP)
Bear Market Rally (-75) - SPGCL2LP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPGCL2LP as it may be in the beginning of a reversal.
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 Jul 14th, 2022 at 0.4853
The intermediate-term trend has been DOWN since Feb 3rd, 2023 at 0.3277
The short-term trend has been UP since Mar 27th, 2023 at 0.2975
Smart Scan Analysis for SPGCL2LP
Based on our trend formula, SPGCL2LP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).