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Index Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

S&P GSCI Soybeans TR (CME:SPGSSOTR)

Weak Downtrend (-65) - SPGSSOTR is showing signs of a strengthening downtrend. Monitor SPGSSOTR as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SPGSSOTR?

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

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

CME_SPGSSOTR
Open High Low SPGSSOTR Price Change
6226.33 6265.76 6200.05 6210.56 -18.40
Entry Signal

MarketClub’s Trade Triangles for SPGSSOTR

long term down The long-term trend has been DOWN since Oct 2nd, 2023 at 6785.80

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 6205.24

short term up The short-term trend has been UP since Apr 21st, 2024 at 6141.16

Smart Scan Analysis for SPGSSOTR

Based on our trend formula, SPGSSOTR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for SPGSSOTR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6226.33 6265.76 6200.05 6210.56 -18.40
Prev. Close Volume Bid Ask Time
6228.96 0 2024-04-24 14:30:00
52wk High4609.80252wk High Date2018-03-02
52wk Low3386.41752wk Low Date2018-09-18
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