Future Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
URALS MEDITERRANEAN VS BRENT CFD Jun 2022 (NYMEX:QUMD.M22)
Long-Term Downtrend (-90) - QUMD.M22 is in a strong downtrend that is likely to continue. While QUMD.M22 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 QUMD.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QUMD.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QUMD.M22
The long-term trend has been DOWN since Jul 1st, 2020 at 0.620
The intermediate-term trend has been DOWN since Jul 1st, 2020 at 0.620
The short-term trend has been DOWN since Jul 1st, 2020 at 0.726
Smart Scan Analysis for QUMD.M22
Based on our trend formula, QUMD.M22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).