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Index Trend Analysis Report

Prepared for you on Sunday, November 24, 2024.

S&P GSCI Biofuel ER (CME:SPGSBFP)

Weak Downtrend (-65) - SPGSBFP is showing signs of a strengthening downtrend. Monitor SPGSBFP as it may be building momentum to the downside.

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
65.002 65.303 64.679 64.710 -0.312
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 Nov 21st, 2024 at 65.040

short term down The short-term trend has been DOWN since Nov 20th, 2024 at 65.832

Smart Scan Analysis for SPGSBFP

Based on our trend formula, SPGSBFP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SPGSBFP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
65.002 65.303 64.679 64.710 -0.312
Prev. Close Volume Bid Ask Time
64.710 0 2024-11-22 15:38:00
52wk High55.613752wk High Date2017-11-30
52wk Low43.244452wk Low Date2018-09-18
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