Future Trend Analysis Report
Prepared for you on Thursday, June 8, 2023.
ARGUS WTI FORMULA BASIS CAL May 2023 (NYMEX:Q39.K23)
Strong Downtrend (-100) - Q39.K23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, Q39.K23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid Q39.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q39.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q39.K23
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 Q39.K23
Based on our trend formula, Q39.K23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).