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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.

NYMEX_Q39.Q23
Open High Low Q39.Q23 Price Change
90.01 90.01 90.01 90.01 0.00
Entry Signal

MarketClub’s Trade Triangles for Q39.Q23

long term up The long-term trend has been UP since Jan 8th, 2021 at 46.13

intermediate term up The intermediate-term trend has been UP since Sep 1st, 2021 at 60.05

short term up 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).

+80
Smart Scan Analysis for Q39.Q23
Strong Downtrend Sideways 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
Volatility37.56Expiration2023-08-31
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