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Index Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

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

Long-Term Uptrend (+90) - SPGSBOP is in a strong uptrend that is likely to continue. While SPGSBOP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
136.873 138.345 136.171 136.346 -1.713
Entry Signal

MarketClub’s Trade Triangles for SPGSBOP

long term up The long-term trend has been UP since Jul 7th, 2020 at 56.981

intermediate term up The intermediate-term trend has been UP since Sep 30th, 2021 at 130.637

short term up The short-term trend has been UP since Oct 15th, 2021 at 133.184

Smart Scan Analysis for SPGSBOP

Based on our trend formula, SPGSBOP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SPGSBOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
136.873 138.345 136.171 136.346 -1.713
Prev. Close Volume Bid Ask Time
136.346 0 2021-10-22 15:36:26
52wk High80.0104552wk High Date2017-11-30
52wk Low59.6050952wk Low Date2018-11-26
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