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Index Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

S&P GSCI Heating Oil ER (CME:SPGSHOP)

Long-Term Downtrend (-90) - SPGSHOP is in a strong downtrend that is likely to continue. While SPGSHOP 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 SPGSHOP?

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

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

CME_SPGSHOP
Open High Low SPGSHOP Price Change
421.91 427.21 415.40 417.96 -2.71
Entry Signal

MarketClub’s Trade Triangles for SPGSHOP

long term down The long-term trend has been DOWN since Nov 8th, 2023 at 439.84

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2023 at 485.06

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 444.89

Smart Scan Analysis for SPGSHOP

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

-90
Smart Scan Analysis for SPGSHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
421.91 427.21 415.40 417.96 -2.71
Prev. Close Volume Bid Ask Time
417.96 0 2023-12-07 20:30:00
52wk High263.236852wk High Date2018-10-03
52wk Low195.089652wk Low Date2018-02-14
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