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Index Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

S&P GSCI Gasoil (CME:SPGSGO)

Bear Market Rally (-75) - SPGSGO is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPGSGO as it may be in the beginning of a reversal.

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

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

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

CME_SPGSGO
Open High Low SPGSGO Price Change
697.22 698.84 691.65 695.82 -0.93
Entry Signal

MarketClub’s Trade Triangles for SPGSGO

long term down The long-term trend has been DOWN since Nov 7th, 2023 at 757.26

intermediate term down The intermediate-term trend has been DOWN since Apr 17th, 2024 at 735.73

short term up The short-term trend has been UP since May 28th, 2024 at 702.78

Smart Scan Analysis for SPGSGO

Based on our trend formula, SPGSGO is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SPGSGO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
697.22 698.84 691.65 695.82 -0.93
Prev. Close Volume Bid Ask Time
696.75 0 2024-05-30 05:36:00
52wk High696.983552wk High Date2018-10-04
52wk Low503.01652wk Low Date2018-02-14
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