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Index Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
S&P GSCI Biofuel TR (CME:SPGSBFTR)
Long-Term Downtrend (-90) - SPGSBFTR is in a strong downtrend that is likely to continue. While SPGSBFTR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for SPGSBFTR
The long-term trend has been DOWN since Dec 1st, 2023 at 94.313
The intermediate-term trend has been DOWN since Apr 11th, 2024 at 83.784
The short-term trend has been DOWN since Apr 3rd, 2024 at 85.305
Smart Scan Analysis for SPGSBFTR
Based on our trend formula, SPGSBFTR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 79.855 | 80.257 | 79.783 | 79.955 | +0.104 |
| Prev. Close | Volume | Bid | Ask | Time |
| 79.851 | 0 | 2024-04-18 04:44:00 |
| 52wk High | 58.874 | 52wk High Date | 2017-11-30 |
| 52wk Low | 46.4247 | 52wk Low Date | 2018-09-18 |