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Index Trend Analysis Report

Prepared for you on Tuesday, October 27, 2020.

S&P GSCI Industrial Metals (CME:SPGSIN)

Countertrend Up (+85) - SPGSIN 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 SPGSIN?

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

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

CME_SPGSIN
Open High Low SPGSIN Price Change
346.013 346.303 343.370 344.078 -3.344
Entry Signal

MarketClub’s Trade Triangles for SPGSIN

long term up The long-term trend has been UP since Jul 1st, 2020 at 303.695

intermediate term up The intermediate-term trend has been UP since Oct 12th, 2020 at 343.866

short term down The short-term trend has been DOWN since Oct 26th, 2020 at 346.670

Smart Scan Analysis for SPGSIN

Based on our trend formula, SPGSIN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SPGSIN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
346.013 346.303 343.370 344.078 -3.344
Prev. Close Volume Bid Ask Time
340.908 0 2020-10-26 20:28:55
52wk High422.746752wk High Date2018-04-19
52wk Low324.747552wk Low Date2018-11-27
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