Spread Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
LLS (ARGUS) V WTI MAY 23/AUG 23 (NYMEX:QWJ.K23-QWJ.Q23)
Long-Term Downtrend (-90) - QWJ.K23-QWJ.Q23 is in a strong downtrend that is likely to continue. While QWJ.K23-QWJ.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 QWJ.K23-QWJ.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QWJ.K23-QWJ.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QWJ.K23-QWJ.Q23
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 QWJ.K23-QWJ.Q23
Based on our trend formula, QWJ.K23-QWJ.Q23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).