Spread Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
CRUDE OIL MAY 22/JUL 23 (NYMEX:QCL.K22-QCL.N23)
Strong Downtrend (-100) - QCL.K22-QCL.N23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QCL.K22-QCL.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.K22-QCL.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.K22-QCL.N23
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 QCL.K22-QCL.N23
Based on our trend formula, QCL.K22-QCL.N23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).