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Index Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

S&P GSCI Corn ER (CME:SPGSCNP)

Long-Term Downtrend (-90) - SPGSCNP is in a strong downtrend that is likely to continue. While SPGSCNP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

CME_SPGSCNP
Open High Low SPGSCNP Price Change
6.6708 6.6963 6.6410 6.6921 +0.0213
Entry Signal

MarketClub’s Trade Triangles for SPGSCNP

long term down The long-term trend has been DOWN since Jun 24th, 2024 at 7.4514

intermediate term down The intermediate-term trend has been DOWN since May 30th, 2024 at 7.7504

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 6.6538

Smart Scan Analysis for SPGSCNP

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

-90
Smart Scan Analysis for SPGSCNP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.6708 6.6963 6.6410 6.6921 +0.0213
Prev. Close Volume Bid Ask Time
6.6708 0 2024-07-19 08:41:00
52wk High7.7918652wk High Date2018-05-24
52wk Low6.0899952wk Low Date2018-09-18
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