Spread Trend Analysis Report
Prepared for you on Friday, August 12, 2022.
ARGUS LLS VS WTI (ARGUS) TRADE MONTH NOV 23/JUN 24 (NYMEX:QE5.X23-QE5.M24)
Strong Downtrend (-100) - QE5.X23-QE5.M24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QE5.X23-QE5.M24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QE5.X23-QE5.M24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QE5.X23-QE5.M24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QE5.X23-QE5.M24
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 QE5.X23-QE5.M24
Based on our trend formula, QE5.X23-QE5.M24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).