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Prepared for you on Thursday, May 26, 2022.

LOOP GULF COAST SOUR CRUDE OIL JUN 23/NOV 23 (NYMEX:QMB.M23-QMB.X23)

Long-Term Downtrend (-90) - QMB.M23-QMB.X23 is in a strong downtrend that is likely to continue. While QMB.M23-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.M23-QMB.X23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QMB.M23-QMB.X23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QMB.M23-QMB.X23
Open High Low QMB.M23-QMB.X23 Price Change
4.18 4.18 4.18 4.18 0.00
Entry Signal

MarketClub’s Trade Triangles for QMB.M23-QMB.X23

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 QMB.M23-QMB.X23

Based on our trend formula, QMB.M23-QMB.X23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QMB.M23-QMB.X23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.18 4.18 4.18 4.18 0.00
Prev. Close Volume Bid Ask Time
4.18 0 2022-05-25 00:00:00
Expiration2023-05-22
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