Spread Trend Analysis Report
Prepared for you on Monday, May 23, 2022.
LOOP GULF COAST SOUR CRUDE OIL AUG 23/DEC 23 (NYMEX:QMB.Q23-QMB.Z23)
Strong Downtrend (-100) - QMB.Q23-QMB.Z23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QMB.Q23-QMB.Z23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QMB.Q23-QMB.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMB.Q23-QMB.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMB.Q23-QMB.Z23
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.Q23-QMB.Z23
Based on our trend formula, QMB.Q23-QMB.Z23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).