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.
MarketClub’s Trade Triangles for SPGSPT
The long-term trend has been DOWN since Jul 14th, 2022 at 349.08
The intermediate-term trend has been DOWN since Nov 17th, 2022 at 323.68
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).
|52wk High||289.6153||52wk High Date||2018-10-03|
|52wk Low||192.4631||52wk Low Date||2018-11-29|