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Index Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

S&P GSCI Soybean Oil (CME:SPGSBO)

Crossroads (+60) - SPGSBO is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
133.082 136.041 132.847 134.963 +1.617
Entry Signal

MarketClub’s Trade Triangles for SPGSBO

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 146.448

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2020 at 134.101

short term up The short-term trend has been UP since Apr 6th, 2020 at 131.357

Smart Scan Analysis for SPGSBO

Based on our trend formula, SPGSBO is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SPGSBO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
133.082 136.041 132.847 134.963 +1.617
Prev. Close Volume Bid Ask Time
132.631 0 2020-04-07 15:34:27
52wk High169.916752wk High Date2017-11-30
52wk Low132.92552wk Low Date2018-09-19
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