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Index Trend Analysis Report

Prepared for you on Saturday, December 21, 2024.

S&P GSCI Soybean Oil (CME:SPGSBO)

Weak Downtrend (-65) - SPGSBO is showing signs of a strengthening downtrend. Monitor SPGSBO as it may be building momentum to the downside.

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
198.38 200.05 195.10 195.39 -2.99
Entry Signal

MarketClub’s Trade Triangles for SPGSBO

long term up The long-term trend has been UP since Nov 1st, 2024 at 225.82

intermediate term down The intermediate-term trend has been DOWN since Nov 21st, 2024 at 208.08

short term down The short-term trend has been DOWN since Dec 16th, 2024 at 207.10

Smart Scan Analysis for SPGSBO

Based on our trend formula, SPGSBO is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SPGSBO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
198.38 200.05 195.10 195.39 -2.99
Prev. Close Volume Bid Ask Time
195.39 0 2024-12-20 15:39:00
52wk High169.916752wk High Date2017-11-30
52wk Low132.92552wk Low Date2018-09-19
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