Index Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
S&P GSCI Inverse Crude Oil ER (CME:SPGSICLP)
Strong Downtrend (-100) - SPGSICLP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SPGSICLP continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPGSICLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSICLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGSICLP
The long-term trend has been DOWN since Jan 11th, 2022 at 2.4753
The intermediate-term trend has been DOWN since Dec 22nd, 2021 at 2.7559
The short-term trend has been DOWN since Jan 20th, 2022 at 2.2779
Smart Scan Analysis for SPGSICLP
Based on our trend formula, SPGSICLP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).