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Index Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

S&P GSCI Soybean Oil ER (CME:SPGSBOP)

Sidelines Mode (-55) - SPGSBOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SPGSBOP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSBOP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPGSBOP
Open High Low SPGSBOP Price Change
155.13 155.87 150.41 152.17 -3.55
Entry Signal

MarketClub’s Trade Triangles for SPGSBOP

long term down The long-term trend has been DOWN since Jun 23rd, 2022 at 151.40

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 147.94

short term down The short-term trend has been DOWN since Aug 18th, 2022 at 154.47

Smart Scan Analysis for SPGSBOP

Based on our trend formula, SPGSBOP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SPGSBOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
155.13 155.87 150.41 152.17 -3.55
Prev. Close Volume Bid Ask Time
155.72 0 2022-08-18 20:29:05
52wk High80.0104552wk High Date2017-11-30
52wk Low59.6050952wk Low Date2018-11-26
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