Spread Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
LOOP GULF COAST SOUR CRUDE OIL NOV 21/JAN 22 (NYMEX:QMB.X21-QMB.F22)
Long-Term Downtrend (-90) - QMB.X21-QMB.F22 is in a strong downtrend that is likely to continue. While QMB.X21-QMB.F22 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.X21-QMB.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMB.X21-QMB.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMB.X21-QMB.F22
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.X21-QMB.F22
Based on our trend formula, QMB.X21-QMB.F22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).