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Index Trend Analysis Report
Prepared for you on Tuesday, January 31, 2023.
S&P GSCI Soybean Oil (CME:SPGSBO)
Countertrend Down (-85) - SPGSBO is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for SPGSBO
The long-term trend has been DOWN since Dec 7th, 2022 at 297.70
The intermediate-term trend has been DOWN since Jan 11th, 2023 at 304.16
The short-term trend has been UP since Jan 30th, 2023 at 301.18
Smart Scan Analysis for SPGSBO
Based on our trend formula, SPGSBO is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 302.25 | 302.35 | 298.97 | 299.31 | -1.33 |
| Prev. Close | Volume | Bid | Ask | Time |
| 297.45 | 0 | 2023-01-31 04:18:35 |
| 52wk High | 169.9167 | 52wk High Date | 2017-11-30 |
| 52wk Low | 132.925 | 52wk Low Date | 2018-09-19 |