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Index Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

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
115.55 115.78 114.74 115.07 -0.41
Entry Signal

MarketClub’s Trade Triangles for SPGSBOP

long term down The long-term trend has been DOWN since Oct 2nd, 2023 at 142.86

intermediate term up The intermediate-term trend has been UP since May 20th, 2024 at 117.08

short term down The short-term trend has been DOWN since May 23rd, 2024 at 115.15

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
115.55 115.78 114.74 115.07 -0.41
Prev. Close Volume Bid Ask Time
115.48 0 2024-05-24 09:59:00
52wk High80.0104552wk High Date2017-11-30
52wk Low59.6050952wk Low Date2018-11-26
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