Index Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
S&P GSCI Inverse Crude Oil ER (CME:SPGSICLP)
Long-Term Downtrend (-90) - SPGSICLP is in a strong downtrend that is likely to continue. While SPGSICLP 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 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 Jun 19th, 2020 at 6.0530
The intermediate-term trend has been DOWN since May 15th, 2020 at 8.6106
The short-term trend has been DOWN since Aug 4th, 2020 at 5.8762
Smart Scan Analysis for SPGSICLP
Based on our trend formula, SPGSICLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).