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Index Trend Analysis Report

Prepared for you on Thursday, July 9, 2020.

S&P Oil & Gas Exploration & Production Select Industry Index (CME:SPSIOP)

Crossroads (-60) - SPSIOP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

CME_SPSIOP
Open High Low SPSIOP Price Change
1918.32 1952.38 1895.21 1921.15 +2.83
Entry Signal

MarketClub’s Trade Triangles for SPSIOP

long term up The long-term trend has been UP since Jun 5th, 2020 at 2380.78

intermediate term down The intermediate-term trend has been DOWN since Jun 25th, 2020 at 1935.75

short term down The short-term trend has been DOWN since Jul 7th, 2020 at 1928.52

Smart Scan Analysis for SPSIOP

Based on our trend formula, SPSIOP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SPSIOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1918.32 1952.38 1895.21 1921.15 +2.83
Prev. Close Volume Bid Ask Time
2119.56 0 2020-07-08 16:19:45
52wk High6918.5352wk High Date2018-07-10
52wk Low4719.2952wk Low Date2018-02-09
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