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Future Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

ARGUS WTI FORMULA BASIS CAL Aug 2024 (NYMEX:Q39.Q24)

Bear Market Rally (-75) - Q39.Q24 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on Q39.Q24 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid Q39.Q24?

MarketClub looks at technical strength and momentum to determine if the timing is right for Q39.Q24.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_Q39.Q24
Open High Low Q39.Q24 Price Change
76.59 76.59 76.59 76.59 0.00
Entry Signal

MarketClub’s Trade Triangles for Q39.Q24

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for Q39.Q24

Based on our trend formula, Q39.Q24 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for Q39.Q24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
76.59 76.59 76.59 76.59 0.00
Prev. Close Volume Bid Ask Time
76.59 0 2022-08-18 00:00:00
Volatility29.66Expiration2024-08-30
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