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Index Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

S&P GSCI Petroleum ER (CME:SPGSPTP)

Countertrend Up (+85) - SPGSPTP 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 SPGSPTP?

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

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

CME_SPGSPTP
Open High Low SPGSPTP Price Change
399.84 401.08 399.50 400.58 -0.43
Entry Signal

MarketClub’s Trade Triangles for SPGSPTP

long term up The long-term trend has been UP since Mar 1st, 2024 at 390.38

intermediate term up The intermediate-term trend has been UP since Dec 26th, 2023 at 370.41

short term down The short-term trend has been DOWN since Mar 26th, 2024 at 396.80

Smart Scan Analysis for SPGSPTP

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

+85
Smart Scan Analysis for SPGSPTP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
399.84 401.08 399.50 400.58 -0.43
Prev. Close Volume Bid Ask Time
401.01 0 2024-03-28 04:35:00
52wk High372.754152wk High Date2018-10-03
52wk Low248.309252wk Low Date2018-11-29
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