Spread Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
MICRO WTI CRUDE OIL JUL 22/NOV 22 (NYMEX:QMCL.N22-QMCL.X22)
Long-Term Downtrend (-90) - QMCL.N22-QMCL.X22 is in a strong downtrend that is likely to continue. While QMCL.N22-QMCL.X22 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 QMCL.N22-QMCL.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMCL.N22-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.N22-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.N22-QMCL.X22
Based on our trend formula, QMCL.N22-QMCL.X22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).