Spread Trend Analysis Report
Prepared for you on Friday, November 26, 2021.
CRUDE OIL MAY 23/OCT 23 (NYMEX:QCL.K23-QCL.V23)
Long-Term Downtrend (-90) - QCL.K23-QCL.V23 is in a strong downtrend that is likely to continue. While QCL.K23-QCL.V23 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 QCL.K23-QCL.V23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.K23-QCL.V23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.K23-QCL.V23
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.K23-QCL.V23
Based on our trend formula, QCL.K23-QCL.V23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).