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Index Trend Analysis Report
Prepared for you on Saturday, September 7, 2024.
S&P GSCI Soybean Oil (CME:SPGSBO)
Bear Market Rally (-75) - SPGSBO is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPGSBO as it may be in the beginning of a reversal.
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 DOWN since Oct 2nd, 2023 at 272.76
The intermediate-term trend has been UP since Aug 29th, 2024 at 202.79
The short-term trend has been DOWN since Sep 3rd, 2024 at 200.64
Smart Scan Analysis for SPGSBO
Based on our trend formula, SPGSBO is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 199.46 | 201.62 | 193.88 | 194.32 | -5.29 |
| Prev. Close | Volume | Bid | Ask | Time |
| 194.17 | 0 | 2024-09-06 14:29:00 |
| 52wk High | 169.9167 | 52wk High Date | 2017-11-30 |
| 52wk Low | 132.925 | 52wk Low Date | 2018-09-19 |