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Index Trend Analysis Report

Prepared for you on Saturday, December 7, 2024.

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

Countertrend Up (+85) - SPGTTFTE is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

CME_SPGTTFTE
Open High Low SPGTTFTE Price Change
4196.36 4219.01 4181.73 4197.87 +1.17
Entry Signal

MarketClub’s Trade Triangles for SPGTTFTE

long term up The long-term trend has been UP since Sep 18th, 2024 at 4138.31

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2024 at 4179.64

short term down The short-term trend has been DOWN since Dec 5th, 2024 at 4205.76

Smart Scan Analysis for SPGTTFTE

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

+85
Smart Scan Analysis for SPGTTFTE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4196.36 4219.01 4181.73 4197.87 +1.17
Prev. Close Volume Bid Ask Time
4197.87 0 2024-12-06 16:59:00
52wk High3328.3452wk High Date2018-06-07
52wk Low2606.452wk Low Date2018-11-28
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