Future Trend Analysis Report
Prepared for you on Wednesday, May 25, 2022.
ARGUS GASOLINE EUROBOB OXY BGS CRCK SPRD May 2022 (NYMEX:QEOB.K22)
Sidelines Mode (-50) - QEOB.K22 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until QEOB.K22 can gain momentum.
Is it time to buy, sell, or avoid QEOB.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QEOB.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QEOB.K22
The long-term trend has been UP since Sep 25th, 2020 at 6.389
The intermediate-term trend has been DOWN since Oct 1st, 2021 at 10.695
The short-term trend has been DOWN since Oct 1st, 2021 at 10.924
Smart Scan Analysis for QEOB.K22
Based on our trend formula, QEOB.K22 is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).