Future Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
LOOP GULF COAST SOUR CRUDE OIL Jun 2022 (NYMEX:QMB.M22)
Countertrend Up (+85) - QMB.M22 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 QMB.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMB.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMB.M22
The long-term trend has been UP since Sep 29th, 2021 at 66.67
The intermediate-term trend has been UP since Aug 30th, 2021 at 63.76
The short-term trend has been UP since Sep 10th, 2021 at 65.47
Smart Scan Analysis for QMB.M22
Based on our trend formula, QMB.M22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).