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Index Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

S&P GSCI Gasoil ER (CME:SPGSGOP)

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

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

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

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

CME_SPGSGOP
Open High Low SPGSGOP Price Change
693.87 695.48 688.32 694.10 +0.70
Entry Signal

MarketClub’s Trade Triangles for SPGSGOP

long term down The long-term trend has been DOWN since May 2nd, 2024 at 692.90

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2024 at 730.13

short term up The short-term trend has been UP since May 28th, 2024 at 699.41

Smart Scan Analysis for SPGSGOP

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

-75
Smart Scan Analysis for SPGSGOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
693.87 695.48 688.32 694.10 +0.70
Prev. Close Volume Bid Ask Time
693.40 0 2024-05-30 04:59:00
52wk High457.618552wk High Date2018-10-04
52wk Low328.529952wk Low Date2018-02-14
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