Index Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
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, SHORTSYMBOL 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 Nov 11th, 2020 at 5.5565
The intermediate-term trend has been DOWN since Aug 30th, 2021 at 3.1186
The short-term trend has been DOWN since Oct 8th, 2021 at 2.6831
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).