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Index Trend Analysis Report

Prepared for you on Saturday, September 23, 2023.

S&P GSCI Nickel (CME:SPGSIK)

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

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

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

CME_SPGSIK
Open High Low SPGSIK Price Change
307.82 311.67 306.05 310.50 +4.05
Entry Signal

MarketClub’s Trade Triangles for SPGSIK

long term down The long-term trend has been DOWN since Mar 2nd, 2023 at 388.75

intermediate term down The intermediate-term trend has been DOWN since Aug 9th, 2023 at 331.03

short term down The short-term trend has been DOWN since Sep 19th, 2023 at 316.28

Smart Scan Analysis for SPGSIK

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

-90
Smart Scan Analysis for SPGSIK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
307.82 311.67 306.05 310.50 +4.05
Prev. Close Volume Bid Ask Time
306.45 0 2023-09-22 15:43:00
52wk High267.763152wk High Date2018-04-19
52wk Low171.736552wk Low Date2018-11-27
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