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Index Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

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

Weak Downtrend (-65) - SPGSBOTR is showing signs of a strengthening downtrend. Monitor SPGSBOTR as it may be building momentum to the downside.

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
194.42 195.09 189.48 189.85 -4.67
Entry Signal

MarketClub’s Trade Triangles for SPGSBOTR

long term up The long-term trend has been UP since Jun 30th, 2023 at 193.89

intermediate term down The intermediate-term trend has been DOWN since Sep 11th, 2023 at 200.19

short term down The short-term trend has been DOWN since Sep 19th, 2023 at 201.96

Smart Scan Analysis for SPGSBOTR

Based on our trend formula, SPGSBOTR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SPGSBOTR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
194.42 195.09 189.48 189.85 -4.67
Prev. Close Volume Bid Ask Time
194.52 0 2023-09-28 10:21:00
52wk High93.6466752wk High Date2017-11-30
52wk Low71.0722952wk Low Date2018-11-26
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