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Index Trend Analysis Report

Prepared for you on Sunday, May 16, 2021.

S&P GSCI Brent Crude ER (CME:SPGSBRP)

Countertrend Up (+85) - SPGSBRP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

CME_SPGSBRP
Open High Low SPGSBRP Price Change
355.80 365.30 355.11 365.20 +8.28
Entry Signal

MarketClub’s Trade Triangles for SPGSBRP

long term up The long-term trend has been UP since Nov 25th, 2020 at 250.92

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2021 at 345.61

short term down The short-term trend has been DOWN since May 13th, 2021 at 357.56

Smart Scan Analysis for SPGSBRP

Based on our trend formula, SPGSBRP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SPGSBRP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
355.80 365.30 355.11 365.20 +8.28
Prev. Close Volume Bid Ask Time
365.14 0 2021-05-14 14:54:30
52wk High499.066652wk High Date2018-10-03
52wk Low333.133152wk Low Date2018-11-29
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