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.
MarketClub’s Trade Triangles for Q29.M23
The long-term trend has been UP since Jan 8th, 2021 at 45.56
The intermediate-term trend has been UP since Aug 30th, 2021 at 60.22
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).