Free Daily Analysis
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for SPGSHOP
The long-term trend has been DOWN since Nov 8th, 2023 at 439.84
The intermediate-term trend has been DOWN since Oct 4th, 2023 at 485.06
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).
| 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 High | 263.2368 | 52wk High Date | 2018-10-03 |
| 52wk Low | 195.0896 | 52wk Low Date | 2018-02-14 |