Index Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
S&P GSCI Soybean Oil (CME:SPGSBO)
Crossroads (+60) - SPGSBO is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for SPGSBO
The long-term trend has been DOWN since Feb 3rd, 2020 at 146.448
The intermediate-term trend has been UP since Apr 7th, 2020 at 134.101
The short-term trend has been UP since Apr 6th, 2020 at 131.357
Smart Scan Analysis for SPGSBO
Based on our trend formula, SPGSBO is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||169.9167||52wk High Date||2017-11-30|
|52wk Low||132.925||52wk Low Date||2018-09-19|