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Prepared for you on Thursday, May 19, 2022.

LOOP GULF COAST SOUR CRUDE OIL SEP 22/AUG 23 (NYMEX:QMB.U22-QMB.Q23)

Long-Term Downtrend (-90) - QMB.U22-QMB.Q23 is in a strong downtrend that is likely to continue. While QMB.U22-QMB.Q23 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.U22-QMB.Q23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QMB.U22-QMB.Q23.

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

NYMEX_QMB.U22-QMB.Q23
Open High Low QMB.U22-QMB.Q23 Price Change
16.84 16.84 16.84 16.84 0.00
Entry Signal

MarketClub’s Trade Triangles for QMB.U22-QMB.Q23

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.U22-QMB.Q23

Based on our trend formula, QMB.U22-QMB.Q23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QMB.U22-QMB.Q23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.84 16.84 16.84 16.84 0.00
Prev. Close Volume Bid Ask Time
16.84 0 2022-05-17 00:00:00
Expiration2022-08-22
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