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Future Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

ARGUS SOUR CRUDE INDEX (ASCI) JUNE 2023 (NYMEX:Q29.M23)

Bull Market Weakness (+75) - Q29.M23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on Q29.M23 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid Q29.M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for Q29.M23.

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

NYMEX_Q29.M23
Open High Low Q29.M23 Price Change
82.55 82.55 82.55 82.55 0.00
Entry Signal

MarketClub’s Trade Triangles for Q29.M23

long term up The long-term trend has been UP since Jan 8th, 2021 at 45.56

intermediate term up The intermediate-term trend has been UP since Aug 30th, 2021 at 60.22

short term up The short-term trend has been UP since Sep 10th, 2021 at 60.87

Smart Scan Analysis for Q29.M23

Based on our trend formula, Q29.M23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for Q29.M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
82.55 82.55 82.55 82.55 0.00
Prev. Close Volume Bid Ask Time
82.55 0 2022-08-18 00:00:00
Volatility38.14Expiration2023-05-25
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