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Index Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

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

Weak Uptrend (+65) - SPGSBOP is showing signs of weakening momentum to the upside. Monitor SPGSBOP as it may be in the beginning stages of a reversal.

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
106.500 109.626 106.475 108.391 +1.941
Entry Signal

MarketClub’s Trade Triangles for SPGSBOP

long term up The long-term trend has been UP since Nov 1st, 2024 at 116.394

intermediate term down The intermediate-term trend has been DOWN since Nov 21st, 2024 at 107.252

short term up The short-term trend has been UP since Nov 26th, 2024 at 107.559

Smart Scan Analysis for SPGSBOP

Based on our trend formula, SPGSBOP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for SPGSBOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
106.500 109.626 106.475 108.391 +1.941
Prev. Close Volume Bid Ask Time
106.450 0 2024-12-06 14:28:00
52wk High80.0104552wk High Date2017-11-30
52wk Low59.6050952wk Low Date2018-11-26
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