Index Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
S&P Global Timber and Forestry Index (CME:SPGTTF)
Bull Market Weakness (+75) - SPGTTF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPGTTF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPGTTF?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGTTF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGTTF
The long-term trend has been DOWN since Feb 25th, 2020 at 1608.12
The intermediate-term trend has been UP since Apr 7th, 2020 at 1239.29
The short-term trend has been UP since May 18th, 2020 at 1300.90
Smart Scan Analysis for SPGTTF
Based on our trend formula, SPGTTF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2161.73||52wk High Date||2018-06-07|
|52wk Low||1604.93||52wk Low Date||2018-11-28|