Future Trend Analysis Report
Prepared for you on Wednesday, May 31, 2023.
WTI-BRENT TRADE MONTH FINANCIAL FUTURES JUNE 2023 (NYMEX:QTBK.M23)
Long-Term Downtrend (-90) - QTBK.M23 is in a strong downtrend that is likely to continue. While QTBK.M23 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 QTBK.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QTBK.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QTBK.M23
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 QTBK.M23
Based on our trend formula, QTBK.M23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).