Spread Trend Analysis Report
Prepared for you on Friday, May 20, 2022.
LOOP GULF COAST SOUR CRUDE OIL JUL 23/JAN 24 (NYMEX:QMB.N23-QMB.F24)
Strong Downtrend (-100) - QMB.N23-QMB.F24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QMB.N23-QMB.F24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QMB.N23-QMB.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMB.N23-QMB.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMB.N23-QMB.F24
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.N23-QMB.F24
Based on our trend formula, QMB.N23-QMB.F24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).