Spread Trend Analysis Report
Prepared for you on Saturday, May 21, 2022.
CRUDE OIL JUN 23/NOV 24 (NYMEX:QCL.M23-QCL.X24)
Strong Downtrend (-100) - QCL.M23-QCL.X24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QCL.M23-QCL.X24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QCL.M23-QCL.X24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.M23-QCL.X24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.M23-QCL.X24
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.M23-QCL.X24
Based on our trend formula, QCL.M23-QCL.X24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).