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Index Trend Analysis Report

Prepared for you on Sunday, June 20, 2021.

S&P GSCI Soybean Oil (CME:SPGSBO)

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

Is it time to buy, sell, or avoid SPGSBO?

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

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

CME_SPGSBO
Open High Low SPGSBO Price Change
258.746 278.442 258.648 274.522 +16.119
Entry Signal

MarketClub’s Trade Triangles for SPGSBO

long term up The long-term trend has been UP since Jul 7th, 2020 at 144.488

intermediate term down The intermediate-term trend has been DOWN since Jun 11th, 2021 at 314.797

short term down The short-term trend has been DOWN since Jun 8th, 2021 at 336.100

Smart Scan Analysis for SPGSBO

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

-70
Smart Scan Analysis for SPGSBO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
258.746 278.442 258.648 274.522 +16.119
Prev. Close Volume Bid Ask Time
274.424 0 2021-06-18 14:29:55
52wk High169.916752wk High Date2017-11-30
52wk Low132.92552wk Low Date2018-09-19
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