Futopt Trend Analysis Report
Prepared for you on Friday, January 21, 2022.
BRENT AVERAGE PRICE AUGUST 2024 PUT 16850 (NYMEX:QCY.Q24.16850P)
Strong Downtrend (-100) - QCY.Q24.16850P is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QCY.Q24.16850P continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QCY.Q24.16850P?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCY.Q24.16850P.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCY.Q24.16850P
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.Q24.16850P
Based on our trend formula, QCY.Q24.16850P is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).