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Index Trend Analysis Report

Prepared for you on Saturday, October 26, 2024.

S&P GSCI Biofuel ER (CME:SPGSBFP)

Sidelines Mode (+55) - SPGSBFP 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 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
66.803 66.810 66.142 66.343 -0.439
Entry Signal

MarketClub’s Trade Triangles for SPGSBFP

long term up The long-term trend has been UP since Sep 24th, 2024 at 67.217

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2024 at 65.385

short term up The short-term trend has been UP since Oct 23rd, 2024 at 65.909

Smart Scan Analysis for SPGSBFP

Based on our trend formula, SPGSBFP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SPGSBFP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
66.803 66.810 66.142 66.343 -0.439
Prev. Close Volume Bid Ask Time
66.305 0 2024-10-25 14:24:00
52wk High55.613752wk High Date2017-11-30
52wk Low43.244452wk Low Date2018-09-18
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