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Index Trend Analysis Report

Prepared for you on Tuesday, November 12, 2024.

S&P GSCI Ultra Light Energy (CME:SPGSUE)

Long-Term Downtrend (-90) - SPGSUE is in a strong downtrend that is likely to continue. While SPGSUE 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 SPGSUE?

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

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

CME_SPGSUE
Open High Low SPGSUE Price Change
487.02 489.18 485.11 486.31 -0.67
Entry Signal

MarketClub’s Trade Triangles for SPGSUE

long term down The long-term trend has been DOWN since Jul 9th, 2024 at 490.67

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2024 at 485.92

short term down The short-term trend has been DOWN since Nov 11th, 2024 at 489.81

Smart Scan Analysis for SPGSUE

Based on our trend formula, SPGSUE is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SPGSUE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
487.02 489.18 485.11 486.31 -0.67
Prev. Close Volume Bid Ask Time
486.98 0 2024-11-12 20:09:00
52wk High390.654952wk High Date2018-04-19
52wk Low342.949152wk Low Date2018-11-27
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