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Index Trend Analysis Report

Prepared for you on Thursday, August 6, 2020.

S&P GSCI All Wheat ER (CME:SPGSWTP)

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

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

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

CME_SPGSWTP
Open High Low SPGSWTP Price Change
7.1481 7.2248 7.0406 7.0716 -0.1041
Entry Signal

MarketClub’s Trade Triangles for SPGSWTP

long term down The long-term trend has been DOWN since Mar 6th, 2020 at 7.3950

intermediate term down The intermediate-term trend has been DOWN since Aug 3rd, 2020 at 7.2807

short term down The short-term trend has been DOWN since Jul 28th, 2020 at 7.3965

Smart Scan Analysis for SPGSWTP

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

-90
Smart Scan Analysis for SPGSWTP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.1481 7.2248 7.0406 7.0716 -0.1041
Prev. Close Volume Bid Ask Time
7.2534 0 2020-08-06 20:29:26
52wk High10.1597452wk High Date2018-08-02
52wk Low7.7090652wk Low Date2017-12-12
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