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Index Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

S&P GSCI Precious Metals TR (CME:SPGSPMTR)

Countertrend Up (+85) - SPGSPMTR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

CME_SPGSPMTR
Open High Low SPGSPMTR Price Change
2674.84 2677.59 2660.47 2666.43 -9.29
Entry Signal

MarketClub’s Trade Triangles for SPGSPMTR

long term up The long-term trend has been UP since Oct 30th, 2023 at 2254.47

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 2700.72

short term down The short-term trend has been DOWN since May 22nd, 2024 at 2726.64

Smart Scan Analysis for SPGSPMTR

Based on our trend formula, SPGSPMTR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SPGSPMTR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2674.84 2677.59 2660.47 2666.43 -9.29
Prev. Close Volume Bid Ask Time
2675.72 0 2024-05-28 07:10:00
52wk High1644.68952wk High Date2018-01-25
52wk Low1383.07352wk Low Date2018-08-16
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