Index Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
S&P GSCI Natural Gas ER (CME:SPGSNGP)
Strong Downtrend (-100) - SPGSNGP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 29th, 2019 at 7.6300
The intermediate-term trend has been DOWN since Nov 3rd, 2020 at 4.9107
The short-term trend has been DOWN since Dec 2nd, 2020 at 4.2485
Smart Scan Analysis for SPGSNGP
Based on our trend formula, SPGSNGP is rated as a -100 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|