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Index Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

S&P GSCI Soybean Oil TR (CME:SPGSBOTR)

Bear Market Rally (-75) - SPGSBOTR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPGSBOTR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid SPGSBOTR?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSBOTR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPGSBOTR
Open High Low SPGSBOTR Price Change
153.55 156.86 153.31 156.00 +2.38
Entry Signal

MarketClub’s Trade Triangles for SPGSBOTR

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 151.21

intermediate term down The intermediate-term trend has been DOWN since Apr 10th, 2024 at 162.49

short term up The short-term trend has been UP since Apr 22nd, 2024 at 156.36

Smart Scan Analysis for SPGSBOTR

Based on our trend formula, SPGSBOTR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SPGSBOTR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
153.55 156.86 153.31 156.00 +2.38
Prev. Close Volume Bid Ask Time
153.62 0 2024-04-22 11:50:00
52wk High93.6466752wk High Date2017-11-30
52wk Low71.0722952wk Low Date2018-11-26
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