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Index Trend Analysis Report

Prepared for you on Wednesday, July 8, 2020.

S&P GSCI Inverse Gold ER (CME:SPGSIGCP)

Long-Term Downtrend (-90) - SPGSIGCP is in a strong downtrend that is likely to continue. While SPGSIGCP 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 SPGSIGCP?

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

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

CME_SPGSIGCP
Open High Low SPGSIGCP Price Change
20.150 20.283 19.958 19.994 -0.147
Entry Signal

MarketClub’s Trade Triangles for SPGSIGCP

long term down The long-term trend has been DOWN since Jun 5th, 2019 at 27.450

intermediate term down The intermediate-term trend has been DOWN since Jun 19th, 2020 at 20.598

short term down The short-term trend has been DOWN since Jul 7th, 2020 at 19.992

Smart Scan Analysis for SPGSIGCP

Based on our trend formula, SPGSIGCP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SPGSIGCP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.150 20.283 19.958 19.994 -0.147
Prev. Close Volume Bid Ask Time
20.853 0 2020-07-07 20:29:06
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