Free S&P GSCI Index Spot (SPGSCI) Technical Analysis Signals

Overal Signal
Buy
Signals
Hold Buy Buy Buy
Last Update / Period
06 Nov / Daily
Category/Currency
Indexes/USD
Exchange/Country
SNP/--

S&P GSCI Index Spot (SPGSCI) signal with technical analysis on 06 Nov

On 06 Nov, we conducted a comprehensive technical analysis of S&P GSCI Index Spot (SPGSCI), considering 256 signals with intricate details. Here are the key findings: 132 signals suggested buy strategies, while 42 indicated sell strategies. The remaining 82 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 40
Sell Signals: 3
Neutral Signals: 21
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 36
Sell Signals: 10
Neutral Signals: 18
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 26
Sell Signals: 15
Neutral Signals: 23
Result: This strategy leads to a Buy position.

Strategy 4:
Buy Signals: 30
Sell Signals: 14
Neutral Signals: 20
Result: This strategy leads to a Buy position.

Overall Strategy:
Buy Signals: 132
Sell Signals: 42
Neutral Signals: 82
Result: This strategy leads to a Buy position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your S&P GSCI Index Spot (SPGSCI) investments, we highly recommend visiting the "magicalprediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for S&P GSCI Index Spot (SPGSCI) on , there seems to be a tendency toward a buy signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and any investment decision should be made carefully. Consider the overall market conditions and how your choices align with your specific investment goals.


Based on the above signals, we recommend the following strategies:

S&P GSCI Index Spot (SPGSCI) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, holding your position may be a good strategy according to our signals. However, always exercise caution and monitor market developments closely.

S&P GSCI Index Spot (SPGSCI) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to choose the optimal time to exit based on our signal combination. If you have a higher risk tolerance, consider waiting for market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it’s advisable to consider the projected price range. This range represents a potential upside of 9.85%, determined by the highest predicted price. However, before deciding to enter a buy position, be cautious and conduct thorough research to ensure it aligns with your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial for managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make more informed decisions regarding your **S&P GSCI Index Spot (SPGSCI)** holdings.

S&P GSCI Index Spot (SPGSCI) Price Analysis and Resistance Levels:

Given our current long position in S&P GSCI Index Spot (SPGSCI), analyzing key resistance levels is crucial to better understand its price movement. These levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (567.83): The primary hurdle we face is the 567.83 price level. If the current trend remains unchanged, S&P GSCI Index Spot (SPGSCI) could break above this level, signaling its strength and potential for further growth.

Second resistance level (599.23): If the upward trend continues with significant strength, we may see S&P GSCI Index Spot (SPGSCI) cross the second resistance level at 599.23, indicating a major upside move and a promising direction for our position.

Third resistance level (606.81): For a more comprehensive analysis, consider a scenario where S&P GSCI Index Spot (SPGSCI) not only breaks the second resistance level but holds its price above this mark. If this trend continues in the coming days, S&P GSCI Index Spot (SPGSCI) could potentially reach the third resistance level of 606.81.
It's essential to closely monitor these resistance levels and consider them in the broader context of market trends and indicators. To make informed decisions when trading S&P GSCI Index Spot (SPGSCI), stay alert and continually analyze the market. By focusing on these resistance levels and considering broader market dynamics, you can make smarter trading decisions and adapt to this dynamic market.

S&P GSCI Index Spot (SPGSCI) technical analysis chart

S&P GSCI Index Spot (SPGSCI) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 567.83 599.23 606.81 623.56 --
Support 521.63 516.42 502.45 -- --
 S&P GSCI Index Spot (SPGSCI) Support and Resistance area (06 Nov)

S&P GSCI Index Spot (SPGSCI) signals list for 06 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

S&P GSCI Index Spot (SPGSCI) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Nov Buy HoldBuyBuyBuy
2 04 Nov Buy BuyNeutralHoldHold
3 01 Nov Hold NeutralHoldHoldHold
4 31 Oct Hold NeutralHoldHoldHold
5 30 Oct Hold HoldHoldHoldHold
6 29 Oct Hold HoldHoldHoldHold
7 28 Oct Sell SellSellSellSell
8 25 Oct Buy BuyNeutralNeutralBuy
9 24 Oct Sell NeutralHoldSellNeutral
10 23 Oct Sell NeutralSellNeutralSell
11 22 Oct Buy BuyNeutralNeutralNeutral
12 21 Oct Hold HoldHoldHoldNeutral
13 18 Oct Hold HoldHoldHoldNeutral
14 17 Oct Hold HoldHoldHoldNeutral
15 16 Oct Hold HoldHoldHoldNeutral
16 15 Oct Sell HoldSellSellNeutral
17 14 Oct Sell SellNeutralHoldHold
18 11 Oct Buy BuyHoldHoldHold
19 10 Oct Hold NeutralBuyHoldHold
20 09 Oct Sell SellNeutralHoldHold
21 08 Oct Hold NeutralHoldHoldHold
22 07 Oct Hold HoldHoldHoldHold
23 04 Oct Hold HoldHoldHoldHold
24 03 Oct Hold HoldHoldHoldHold
25 02 Oct Hold HoldHoldHoldHold
26 01 Oct Buy BuyHoldHoldBuy
27 30 Sep Hold HoldHoldHoldNeutral
28 27 Sep Hold HoldHoldHoldNeutral
29 26 Sep Sell SellNeutralHoldNeutral
30 25 Sep Hold HoldHoldHoldHold

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