Spread Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
CRUDE OIL NOV 20/JUL 22 (NYMEX:QCL.X20-QCL.N22)
Long-Term Downtrend (-90) - QCL.X20-QCL.N22 is in a strong downtrend that is likely to continue. While QCL.X20-QCL.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 QCL.X20-QCL.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.X20-QCL.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.X20-QCL.N22
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.X20-QCL.N22
Based on our trend formula, QCL.X20-QCL.N22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).