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Index Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

S&P GSCI Inverse Crude Oil TR (CME:SPGSICLT)

Bear Market Rally (-75) - SPGSICLT is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPGSICLT as it may be in the beginning of a reversal.

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

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

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

CME_SPGSICLT
Open High Low SPGSICLT Price Change
2.8807 2.8942 2.8572 2.8575 -0.0250
Entry Signal

MarketClub’s Trade Triangles for SPGSICLT

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 2.9066

intermediate term up The intermediate-term trend has been UP since Apr 22nd, 2024 at 2.8163

short term down The short-term trend has been DOWN since May 16th, 2024 at 2.8785

Smart Scan Analysis for SPGSICLT

Based on our trend formula, SPGSICLT is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SPGSICLT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8807 2.8942 2.8572 2.8575 -0.0250
Prev. Close Volume Bid Ask Time
2.8579 0 2024-05-17 14:30:00
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