Index Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
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.
MarketClub’s Trade Triangles for SPGSBFP
The long-term trend has been DOWN since Nov 30th, 2023 at 79.717
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 80.335
The short-term trend has been DOWN since Nov 24th, 2023 at 81.603
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).
|52wk High||55.6137||52wk High Date||2017-11-30|
|52wk Low||43.2444||52wk Low Date||2018-09-18|