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Index Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

S&P Global Timber and Forestry Index (EURO) (CME:SPGTTFE)

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

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

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

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

CME_SPGTTFE
Open High Low SPGTTFE Price Change
2198.72 2213.03 2173.19 2184.31 -15.71
Entry Signal

MarketClub’s Trade Triangles for SPGTTFE

long term up The long-term trend has been UP since Jul 25th, 2023 at 2049.04

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 2256.67

short term down The short-term trend has been DOWN since Apr 24th, 2024 at 2199.36

Smart Scan Analysis for SPGTTFE

Based on our trend formula, SPGTTFE is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SPGTTFE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2198.72 2213.03 2173.19 2184.31 -15.71
Prev. Close Volume Bid Ask Time
2200.02 0 2024-04-25 23:48:00
52wk High2183.0352wk High Date2018-06-07
52wk Low1697.1752wk Low Date2018-11-28
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