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Index Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

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

Sidelines Mode (-55) - SPGSHOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
425.39 434.61 424.05 434.24 +8.88
Entry Signal

MarketClub’s Trade Triangles for SPGSHOP

long term down The long-term trend has been DOWN since May 1st, 2024 at 438.14

intermediate term down The intermediate-term trend has been DOWN since Apr 17th, 2024 at 453.29

short term up The short-term trend has been UP since Jun 7th, 2024 at 413.91

Smart Scan Analysis for SPGSHOP

Based on our trend formula, SPGSHOP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SPGSHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
425.39 434.61 424.05 434.24 +8.88
Prev. Close Volume Bid Ask Time
425.36 0 2024-06-13 16:00:00
52wk High263.236852wk High Date2018-10-03
52wk Low195.089652wk Low Date2018-02-14
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