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Index Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
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.
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MarketClub’s Trade Triangles for SPGSBOP
The long-term trend has been DOWN since Jun 23rd, 2022 at 151.40
The intermediate-term trend has been UP since Jul 28th, 2022 at 147.94
The short-term trend has been DOWN since Aug 18th, 2022 at 154.47
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 155.13 | 155.87 | 150.41 | 152.17 | -3.55 |
| Prev. Close | Volume | Bid | Ask | Time |
| 155.72 | 0 | 2022-08-18 20:29:05 |
| 52wk High | 80.01045 | 52wk High Date | 2017-11-30 |
| 52wk Low | 59.60509 | 52wk Low Date | 2018-11-26 |