Index Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
S&P Global Timber and Forestry Index (CME:SPGTTF)
Long-Term Downtrend (-90) - SPGTTF is in a strong downtrend that is likely to continue. While SPGTTF 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 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 Mar 4th, 2022 at 2149.69
The intermediate-term trend has been DOWN since Jun 10th, 2022 at 2119.65
The short-term trend has been DOWN since Jul 5th, 2022 at 1868.39
Smart Scan Analysis for SPGTTF
Based on our trend formula, SPGTTF is rated as a -90 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|