Futopt Trend Analysis Report
Prepared for you on Monday, January 24, 2022.
BRENT AVERAGE PRICE JUNE 2024 CALL 16850 (NYMEX:QCY.M24.16850C)
Long-Term Downtrend (-90) - QCY.M24.16850C is in a strong downtrend that is likely to continue. While QCY.M24.16850C is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QCY.M24.16850C?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCY.M24.16850C.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCY.M24.16850C
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QCY.M24.16850C
Based on our trend formula, QCY.M24.16850C is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).