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Index Trend Analysis Report

Prepared for you on Sunday, June 23, 2024.

S&P GSCI Cocoa ER (CME:SPGSCCP)

Sidelines Mode (+55) - SPGSCCP 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 SPGSCCP?

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

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

CME_SPGSCCP
Open High Low SPGSCCP Price Change
33.7271 35.0866 31.7642 31.9988 -1.7283
Entry Signal

MarketClub’s Trade Triangles for SPGSCCP

long term up The long-term trend has been UP since Nov 7th, 2022 at 7.7494

intermediate term up The intermediate-term trend has been UP since May 29th, 2024 at 31.4318

short term down The short-term trend has been DOWN since Jun 20th, 2024 at 33.3956

Smart Scan Analysis for SPGSCCP

Based on our trend formula, SPGSCCP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SPGSCCP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
33.7271 35.0866 31.7642 31.9988 -1.7283
Prev. Close Volume Bid Ask Time
33.1684 0 2024-06-21 12:45:00
52wk High10.5350552wk High Date2018-04-26
52wk Low6.6753752wk Low Date2017-12-22
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