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Index Trend Analysis Report

Prepared for you on Friday, July 12, 2024.

S&P GSCI Biofuel ER (CME:SPGSBFP)

Strong Downtrend (-100) - SPGSBFP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SPGSBFP continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SPGSBFP?

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

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

CME_SPGSBFP
Open High Low SPGSBFP Price Change
64.246 64.290 63.282 63.647 -0.585
Entry Signal

MarketClub’s Trade Triangles for SPGSBFP

long term down The long-term trend has been DOWN since Nov 30th, 2023 at 79.717

intermediate term down The intermediate-term trend has been DOWN since Jun 5th, 2024 at 65.345

short term down The short-term trend has been DOWN since Jul 8th, 2024 at 66.136

Smart Scan Analysis for SPGSBFP

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

-100
Smart Scan Analysis for SPGSBFP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
64.246 64.290 63.282 63.647 -0.585
Prev. Close Volume Bid Ask Time
64.232 0 2024-07-12 14:30:00
52wk High55.613752wk High Date2017-11-30
52wk Low43.244452wk Low Date2018-09-18
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