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Index Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

S&P GSCI Lead (CME:SPGSIL)

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

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

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

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

CME_SPGSIL
Open High Low SPGSIL Price Change
340.16 340.73 337.69 338.44 -2.25
Entry Signal

MarketClub’s Trade Triangles for SPGSIL

long term down The long-term trend has been DOWN since Feb 13th, 2024 at 300.53

intermediate term up The intermediate-term trend has been UP since Apr 8th, 2024 at 320.87

short term down The short-term trend has been DOWN since May 30th, 2024 at 340.76

Smart Scan Analysis for SPGSIL

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

-75
Smart Scan Analysis for SPGSIL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
340.16 340.73 337.69 338.44 -2.25
Prev. Close Volume Bid Ask Time
340.69 0 2024-05-30 05:36:00
52wk High403.224952wk High Date2018-02-02
52wk Low280.765152wk Low Date2018-10-11
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