Index Trend Analysis Report
Prepared for you on Tuesday, October 27, 2020.
S&P GSCI Live Cattle ER (CME:SPGSLCP)
Long-Term Downtrend (-90) - SPGSLCP is in a strong downtrend that is likely to continue. While SPGSLCP 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 SPGSLCP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSLCP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGSLCP
The long-term trend has been DOWN since Oct 19th, 2020 at 270.61
The intermediate-term trend has been DOWN since Oct 13th, 2020 at 283.31
The short-term trend has been DOWN since Oct 12th, 2020 at 287.89
Smart Scan Analysis for SPGSLCP
Based on our trend formula, SPGSLCP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||369.5444||52wk High Date||2017-11-30|
|52wk Low||299.2304||52wk Low Date||2018-04-04|