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Index Trend Analysis Report

Prepared for you on Tuesday, September 26, 2023.

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

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

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
147.81 148.76 145.32 147.58 -0.41
Entry Signal

MarketClub’s Trade Triangles for SPGSBOP

long term up The long-term trend has been UP since Jul 3rd, 2023 at 151.32

intermediate term down The intermediate-term trend has been DOWN since Sep 11th, 2023 at 154.45

short term down The short-term trend has been DOWN since Sep 19th, 2023 at 155.61

Smart Scan Analysis for SPGSBOP

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

-70
Smart Scan Analysis for SPGSBOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
147.81 148.76 145.32 147.58 -0.41
Prev. Close Volume Bid Ask Time
147.99 0 2023-09-26 14:27:00
52wk High80.0104552wk High Date2017-11-30
52wk Low59.6050952wk Low Date2018-11-26
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