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Index Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

S&P GSCI Grains TR (CME:SPGSGRTR)

Countertrend Up (+85) - SPGSGRTR 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 SPGSGRTR?

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

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

CME_SPGSGRTR
Open High Low SPGSGRTR Price Change
311.48 313.19 310.09 312.41 +1.25
Entry Signal

MarketClub’s Trade Triangles for SPGSGRTR

long term up The long-term trend has been UP since May 3rd, 2024 at 298.28

intermediate term up The intermediate-term trend has been UP since Apr 22nd, 2024 at 286.92

short term down The short-term trend has been DOWN since May 29th, 2024 at 310.68

Smart Scan Analysis for SPGSGRTR

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

+85
Smart Scan Analysis for SPGSGRTR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
311.48 313.19 310.09 312.41 +1.25
Prev. Close Volume Bid Ask Time
311.16 0 2024-05-29 10:36:00
52wk High267.168352wk High Date2018-05-29
52wk Low215.502352wk Low Date2018-09-18
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