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Index Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
S&P GSCI Soybean Oil (CME:SPGSBO)
Long-Term Downtrend (-90) - SPGSBO is in a strong downtrend that is likely to continue. While SPGSBO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
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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 DOWN since Apr 11th, 2024 at 231.50
The short-term trend has been DOWN since Apr 4th, 2024 at 235.47
Smart Scan Analysis for SPGSBO
Based on our trend formula, SPGSBO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 220.28 | 220.68 | 216.17 | 219.99 | -0.83 |
| Prev. Close | Volume | Bid | Ask | Time |
| 220.82 | 0 | 2024-04-19 14:04:00 |
| 52wk High | 169.9167 | 52wk High Date | 2017-11-30 |
| 52wk Low | 132.925 | 52wk Low Date | 2018-09-19 |