Index Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
S&P GSCI Natural Gas (CME:SPGSNG)
Bear Market Rally (-75) - SPGSNG is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPGSNG as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SPGSNG?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSNG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGSNG
The long-term trend has been DOWN since Dec 20th, 2022 at 250.350
The intermediate-term trend has been UP since Apr 17th, 2023 at 108.456
The short-term trend has been DOWN since May 23rd, 2023 at 116.490
Smart Scan Analysis for SPGSNG
Based on our trend formula, SPGSNG is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||232.1378||52wk High Date||2018-11-14|
|52wk Low||119.8895||52wk Low Date||2018-02-12|