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Index Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
S&P GSCI Reduced Energy ER (CME:SPGSREP)
Long-Term Downtrend (-90) - SPGSREP is in a strong downtrend that is likely to continue. While SPGSREP 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 SPGSREP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSREP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPGSREP
The long-term trend has been DOWN since Nov 7th, 2023 at 266.95
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 279.14
The short-term trend has been DOWN since Dec 4th, 2023 at 260.14
Smart Scan Analysis for SPGSREP
Based on our trend formula, SPGSREP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 253.26 | 254.53 | 252.61 | 253.90 | +2.30 |
| Prev. Close | Volume | Bid | Ask | Time |
| 251.60 | 0 | 2023-12-08 10:55:00 |
| 52wk High | 240.8255 | 52wk High Date | 2018-05-22 |
| 52wk Low | 200.0846 | 52wk Low Date | 2018-11-27 |