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Index Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

S&P GSCI Heating Oil TR (CME:SPGSHOTR)

Strong Downtrend (-100) - SPGSHOTR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SPGSHOTR continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SPGSHOTR?

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

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

CME_SPGSHOTR
Open High Low SPGSHOTR Price Change
1786.18 1802.05 1769.60 1777.48 +12.67
Entry Signal

MarketClub’s Trade Triangles for SPGSHOTR

long term down The long-term trend has been DOWN since Nov 9th, 2023 at 1826.54

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2023 at 2026.03

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 1875.47

Smart Scan Analysis for SPGSHOTR

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

-100
Smart Scan Analysis for SPGSHOTR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1786.18 1802.05 1769.60 1777.48 +12.67
Prev. Close Volume Bid Ask Time
1764.81 0 2023-12-08 15:38:00
52wk High1005.49652wk High Date2018-10-03
52wk Low736.19552wk Low Date2018-02-14
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