Index Trend Analysis Report
Prepared for you on Monday, December 11, 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.
MarketClub’s Trade Triangles for SPGSNGP
The long-term trend has been DOWN since Nov 9th, 2023 at 2.7137
The intermediate-term trend has been DOWN since Nov 7th, 2023 at 2.8839
The short-term trend has been DOWN since Nov 6th, 2023 at 3.0506
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).
|52wk High||17.33447||52wk High Date||2018-11-14|
|52wk Low||8.98411||52wk Low Date||2017-12-21|