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Index Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

S&P GSCI Biofuel TR (CME:SPGSBFTR)

Sidelines Mode (-55) - SPGSBFTR 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 SPGSBFTR?

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

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

CME_SPGSBFTR
Open High Low SPGSBFTR Price Change
83.948 84.016 82.166 82.293 -1.493
Entry Signal

MarketClub’s Trade Triangles for SPGSBFTR

long term down The long-term trend has been DOWN since Jun 23rd, 2022 at 86.134

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 83.118

short term down The short-term trend has been DOWN since Aug 16th, 2022 at 82.598

Smart Scan Analysis for SPGSBFTR

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

-55
Smart Scan Analysis for SPGSBFTR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
83.948 84.016 82.166 82.293 -1.493
Prev. Close Volume Bid Ask Time
83.786 0 2022-08-16 12:56:16
52wk High58.87452wk High Date2017-11-30
52wk Low46.424752wk Low Date2018-09-18
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