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Prepared for you on Monday, May 23, 2022.

LOOP GULF COAST SOUR CRUDE OIL JUL 22/SEP 23 (NYMEX:QMB.N22-QMB.U23)

Long-Term Downtrend (-90) - QMB.N22-QMB.U23 is in a strong downtrend that is likely to continue. While QMB.N22-QMB.U23 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.N22-QMB.U23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QMB.N22-QMB.U23.

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

NYMEX_QMB.N22-QMB.U23
Open High Low QMB.N22-QMB.U23 Price Change
22.61 22.61 22.61 22.61 0.00
Entry Signal

MarketClub’s Trade Triangles for QMB.N22-QMB.U23

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.N22-QMB.U23

Based on our trend formula, QMB.N22-QMB.U23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QMB.N22-QMB.U23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.61 22.61 22.61 22.61 0.00
Prev. Close Volume Bid Ask Time
22.61 0 2022-05-20 00:00:00
Expiration2022-06-21
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