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