Index Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
S&P GSCI Soybeans ER (CME:SPGSSOP)
Long-Term Downtrend (-90) - SPGSSOP is in a strong downtrend that is likely to continue. While SPGSSOP 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 SPGSSOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSSOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGSSOP
The long-term trend has been DOWN since Jan 30th, 2020 at 306.60
The intermediate-term trend has been DOWN since Mar 9th, 2020 at 301.57
The short-term trend has been DOWN since Apr 1st, 2020 at 300.45
Smart Scan Analysis for SPGSSOP
Based on our trend formula, SPGSSOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||439.2203||52wk High Date||2018-03-02|
|52wk Low||319.267||52wk Low Date||2018-09-18|