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Index Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

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

Bull Market Weakness (+75) - SPGSHOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPGSHOP as it may be in the beginning stages of a reversal.

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
104.829 107.065 104.829 106.975 +3.028
Entry Signal

MarketClub’s Trade Triangles for SPGSHOP

long term down The long-term trend has been DOWN since Jan 22nd, 2020 at 196.450

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 97.271

short term up The short-term trend has been UP since Jun 1st, 2020 at 104.639

Smart Scan Analysis for SPGSHOP

Based on our trend formula, SPGSHOP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SPGSHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
104.829 107.065 104.829 106.975 +3.028
Prev. Close Volume Bid Ask Time
111.540 0 2020-06-02 04:43:05
52wk High263.236852wk High Date2018-10-03
52wk Low195.089652wk Low Date2018-02-14
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