Future Trend Analysis Report
Prepared for you on Monday, June 27, 2022.
MARS (ARGUS) V WTI Jul 2022 (NYMEX:QYX.N22)
Long-Term Downtrend (-90) - QYX.N22 is in a strong downtrend that is likely to continue. While QYX.N22 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 QYX.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QYX.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QYX.N22
The long-term trend has been DOWN since Feb 23rd, 2021 at 0.18
The intermediate-term trend has been DOWN since May 25th, 2021 at 0.21
The short-term trend has been DOWN since Jun 11th, 2021 at 0.10
Smart Scan Analysis for QYX.N22
Based on our trend formula, QYX.N22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).