Future Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
ARGUS WTI FORMULA BASIS CAL Nov 2023 (NYMEX:Q39.X23)
Long-Term Downtrend (-90) - Q39.X23 is in a strong downtrend that is likely to continue. While Q39.X23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid Q39.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q39.X23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q39.X23
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.X23
Based on our trend formula, Q39.X23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).