Spread Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
MICRO WTI CRUDE OIL APR 22/NOV 22 (NYMEX:QMCL.J22-QMCL.X22)
Strong Downtrend (-100) - QMCL.J22-QMCL.X22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QMCL.J22-QMCL.X22 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QMCL.J22-QMCL.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMCL.J22-QMCL.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMCL.J22-QMCL.X22
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 QMCL.J22-QMCL.X22
Based on our trend formula, QMCL.J22-QMCL.X22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).