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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.

CME_SPGSNGP
Open High Low SPGSNGP Price Change
3.9022 4.0589 3.8700 3.9359 -0.2357
Entry Signal

MarketClub’s Trade Triangles for SPGSNGP

long term down The long-term trend has been DOWN since Oct 21st, 2022 at 7.6461

intermediate term down The intermediate-term trend has been DOWN since Dec 5th, 2022 at 8.0215

short term down 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).

-90
Smart Scan Analysis for SPGSNGP
Strong Downtrend Sideways 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 High17.3344752wk High Date2018-11-14
52wk Low8.9841152wk Low Date2017-12-21
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