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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.

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
302.25 302.35 298.97 299.31 -1.33
Entry Signal

MarketClub’s Trade Triangles for SPGSBO

long term down The long-term trend has been DOWN since Dec 7th, 2022 at 297.70

intermediate term down The intermediate-term trend has been DOWN since Jan 11th, 2023 at 304.16

short term up 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).

-85
Smart Scan Analysis for SPGSBO
Strong Downtrend Sideways 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 High169.916752wk High Date2017-11-30
52wk Low132.92552wk Low Date2018-09-19
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