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.
MarketClub’s Trade Triangles for SPGSBFTR
The long-term trend has been DOWN since Jun 23rd, 2022 at 86.134
The intermediate-term trend has been UP since Aug 10th, 2022 at 83.118
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).
|52wk High||58.874||52wk High Date||2017-11-30|
|52wk Low||46.4247||52wk Low Date||2018-09-18|