Future Trend Analysis Report
Prepared for you on Saturday, July 31, 2021.
ARGUS SOUR CRUDE INDEX (ASCI) AUGUST 2021 (NYMEX:Q29.Q21)
Long-Term Downtrend (-90) - Q29.Q21 is in a strong downtrend that is likely to continue. While Q29.Q21 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 Q29.Q21?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q29.Q21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q29.Q21
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 Q29.Q21
Based on our trend formula, Q29.Q21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).