Free Daily Analysis
Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
ARGUS WTI FORMULA BASIS CAL AUGUST 2023 (NYMEX:Q39.Q23)
Countertrend Up (+85) - Q39.Q23 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid Q39.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q39.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for Q39.Q23
The long-term trend has been UP since Jan 8th, 2021 at 46.13
The intermediate-term trend has been UP since Sep 1st, 2021 at 60.05
The short-term trend has been UP since Sep 10th, 2021 at 60.60
Smart Scan Analysis for Q39.Q23
Based on our trend formula, Q39.Q23 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 90.01 | 90.01 | 90.01 | 90.01 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 90.01 | 0 | 2022-06-29 00:00:00 |
| Volatility | 37.56 | Expiration | 2023-08-31 |