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Index Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

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

Long-Term Uptrend (+90) - SPGSBOTR is in a strong uptrend that is likely to continue. While SPGSBOTR 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 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
163.047 166.490 161.690 161.715 -1.232
Entry Signal

MarketClub’s Trade Triangles for SPGSBOTR

long term up The long-term trend has been UP since Jul 7th, 2020 at 69.788

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 136.659

short term up The short-term trend has been UP since Apr 14th, 2021 at 130.855

Smart Scan Analysis for SPGSBOTR

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

+90
Smart Scan Analysis for SPGSBOTR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
163.047 166.490 161.690 161.715 -1.232
Prev. Close Volume Bid Ask Time
162.947 0 2021-05-07 14:29:31
52wk High93.6466752wk High Date2017-11-30
52wk Low71.0722952wk Low Date2018-11-26
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