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Index Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

S&P Global Timber and Forestry Index (TR) (CME:SPGTTFT)

Countertrend Down (-85) - SPGTTFT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

CME_SPGTTFT
Open High Low SPGTTFT Price Change
3111.91 3114.48 3099.52 3101.73 -6.99
Entry Signal

MarketClub’s Trade Triangles for SPGTTFT

long term down The long-term trend has been DOWN since Mar 10th, 2023 at 3162.62

intermediate term down The intermediate-term trend has been DOWN since Feb 17th, 2023 at 3290.15

short term up The short-term trend has been UP since Mar 21st, 2023 at 3117.72

Smart Scan Analysis for SPGTTFT

Based on our trend formula, SPGTTFT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SPGTTFT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3111.91 3114.48 3099.52 3101.73 -6.99
Prev. Close Volume Bid Ask Time
3108.72 0 2023-03-22 04:52:00
52wk High3295.7152wk High Date2018-06-07
52wk Low2464.9652wk Low Date2018-11-28
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