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Index Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

S&P GSCI Natural Gas ER (CME:SPGSNGP)

Sidelines Mode (+55) - SPGSNGP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

CME_SPGSNGP
Open High Low SPGSNGP Price Change
2.1068 2.1386 2.0682 2.0979 -0.0081
Entry Signal

MarketClub’s Trade Triangles for SPGSNGP

long term up The long-term trend has been UP since May 21st, 2024 at 2.2075

intermediate term up The intermediate-term trend has been UP since Apr 10th, 2024 at 1.7876

short term down The short-term trend has been DOWN since Jun 20th, 2024 at 2.1016

Smart Scan Analysis for SPGSNGP

Based on our trend formula, SPGSNGP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SPGSNGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1068 2.1386 2.0682 2.0979 -0.0081
Prev. Close Volume Bid Ask Time
2.1060 0 2024-06-21 14:30:00
52wk High17.3344752wk High Date2018-11-14
52wk Low8.9841152wk Low Date2017-12-21
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