Spread Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
LOOP GULF COAST SOUR CRUDE OIL MAY 23/NOV 23 (NYMEX:QMB.K23-QMB.X23)
Long-Term Downtrend (-90) - QMB.K23-QMB.X23 is in a strong downtrend that is likely to continue. While QMB.K23-QMB.X23 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 QMB.K23-QMB.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMB.K23-QMB.X23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMB.K23-QMB.X23
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 QMB.K23-QMB.X23
Based on our trend formula, QMB.K23-QMB.X23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).