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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.
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MarketClub’s Trade Triangles for SPGSBO
The long-term trend has been UP since Jul 7th, 2020 at 144.488
The intermediate-term trend has been DOWN since Jun 11th, 2021 at 314.797
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
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 High | 169.9167 | 52wk High Date | 2017-11-30 |
| 52wk Low | 132.925 | 52wk Low Date | 2018-09-19 |
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