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Index Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
S&P GSCI Copper ER (CME:SPGSICP)
Countertrend Up (+85) - SPGSICP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SPGSICP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSICP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPGSICP
The long-term trend has been UP since Dec 27th, 2023 at 741.81
The intermediate-term trend has been UP since Mar 7th, 2024 at 729.54
The short-term trend has been DOWN since May 8th, 2024 at 828.89
Smart Scan Analysis for SPGSICP
Based on our trend formula, SPGSICP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 834.05 | 841.65 | 833.76 | 841.65 | +8.44 |
| Prev. Close | Volume | Bid | Ask | Time |
| 833.21 | 0 | 2024-05-10 03:05:00 |
| 52wk High | 640.7044 | 52wk High Date | 2017-12-28 |
| 52wk Low | 499.8357 | 52wk Low Date | 2018-08-15 |