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Index Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
S&P GSCI Soybean Oil ER (CME:SPGSBOP)
Strong Downtrend (-100) - SPGSBOP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SPGSBOP continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for SPGSBOP
The long-term trend has been DOWN since Oct 2nd, 2023 at 142.86
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 121.70
The short-term trend has been DOWN since Apr 25th, 2024 at 114.41
Smart Scan Analysis for SPGSBOP
Based on our trend formula, SPGSBOP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 116.37 | 116.55 | 115.32 | 116.06 | -0.18 |
| Prev. Close | Volume | Bid | Ask | Time |
| 116.24 | 0 | 2024-04-26 14:30:00 |
| 52wk High | 80.01045 | 52wk High Date | 2017-11-30 |
| 52wk Low | 59.60509 | 52wk Low Date | 2018-11-26 |