Spread Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
CRUDE OIL DEC 21/DEC 28 (NYMEX:QCL.Z21-QCL.Z28)
Long-Term Downtrend (-90) - QCL.Z21-QCL.Z28 is in a strong downtrend that is likely to continue. While QCL.Z21-QCL.Z28 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.Z21-QCL.Z28?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.Z21-QCL.Z28.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.Z21-QCL.Z28
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.Z21-QCL.Z28
Based on our trend formula, QCL.Z21-QCL.Z28 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).