Spread Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
WTI BRENT CALENDAR DEC 22/APR 23 (NYMEX:QBK.Z22-QBK.J23)
Long-Term Downtrend (-90) - QBK.Z22-QBK.J23 is in a strong downtrend that is likely to continue. While QBK.Z22-QBK.J23 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 QBK.Z22-QBK.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QBK.Z22-QBK.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QBK.Z22-QBK.J23
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 QBK.Z22-QBK.J23
Based on our trend formula, QBK.Z22-QBK.J23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).