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Index Trend Analysis Report
Prepared for you on Monday, January 30, 2023.
S&P GSCI Natural Gas ER (CME:SPGSNGP)
Long-Term Downtrend (-90) - SPGSNGP is in a strong downtrend that is likely to continue. While SPGSNGP 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 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.
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MarketClub’s Trade Triangles for SPGSNGP
The long-term trend has been DOWN since Oct 21st, 2022 at 7.6461
The intermediate-term trend has been DOWN since Dec 5th, 2022 at 8.0215
The short-term trend has been DOWN since Jan 25th, 2023 at 4.3810
Smart Scan Analysis for SPGSNGP
Based on our trend formula, SPGSNGP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.9022 | 4.0589 | 3.8700 | 3.9359 | -0.2357 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.1951 | 0 | 2023-01-30 20:29:07 |
| 52wk High | 17.33447 | 52wk High Date | 2018-11-14 |
| 52wk Low | 8.98411 | 52wk Low Date | 2017-12-21 |