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Index Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

S&P Global Natural Resources Index (CME:SPGNRUP)

Countertrend Up (+85) - SPGNRUP 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 SPGNRUP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGNRUP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPGNRUP
Open High Low SPGNRUP Price Change
3131.60 3163.60 3123.29 3149.13 +18.61
Entry Signal

MarketClub’s Trade Triangles for SPGNRUP

long term up The long-term trend has been UP since Apr 1st, 2024 at 3148.62

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2024 at 2935.46

short term up The short-term trend has been UP since Apr 19th, 2024 at 3158.41

Smart Scan Analysis for SPGNRUP

Based on our trend formula, SPGNRUP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for SPGNRUP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3131.60 3163.60 3123.29 3149.13 +18.61
Prev. Close Volume Bid Ask Time
3130.52 0 2024-04-19 16:12:00
52wk High2884.7952wk High Date2018-01-25
52wk Low2346.3752wk Low Date2018-11-28
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