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Spread Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

CRUDE OIL (E-MINI) Jun 2022/Jul 2022 Spread (NYMEX:QM.M22_N22)

Long-Term Downtrend (-90) - QM.M22_N22 is in a strong downtrend that is likely to continue. While QM.M22_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 QM.M22_N22?

MarketClub looks at technical strength and momentum to determine if the timing is right for QM.M22_N22.

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NYMEX_QM.M22_N22
Open High Low QM.M22_N22 Price Change
0.325 0.325 0.325 0.300 +0.025
Entry Signal

MarketClub’s Trade Triangles for QM.M22_N22

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for QM.M22_N22

Based on our trend formula, QM.M22_N22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QM.M22_N22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.325 0.325 0.325 0.300 +0.025
Prev. Close Volume Bid Ask Time
0.250 3 2021-12-02 17:28:43
Open Time18:00Close Time17:00
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