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Index Trend Analysis Report

Prepared for you on Tuesday, December 6, 2022.

S&P GSCI Petroleum (CME:SPGSPT)

Long-Term Downtrend (-90) - SPGSPT is in a strong downtrend that is likely to continue. While SPGSPT 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 SPGSPT?

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

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

CME_SPGSPT
Open High Low SPGSPT Price Change
297.04 299.12 282.58 285.34 -13.22
Entry Signal

MarketClub’s Trade Triangles for SPGSPT

long term down The long-term trend has been DOWN since Jul 14th, 2022 at 349.08

intermediate term down The intermediate-term trend has been DOWN since Nov 17th, 2022 at 323.68

short term down The short-term trend has been DOWN since Dec 5th, 2022 at 304.87

Smart Scan Analysis for SPGSPT

Based on our trend formula, SPGSPT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SPGSPT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
297.04 299.12 282.58 285.34 -13.22
Prev. Close Volume Bid Ask Time
298.56 0 2022-12-06 20:29:30
52wk High289.615352wk High Date2018-10-03
52wk Low192.463152wk Low Date2018-11-29
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