Spread Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
MARS (ARGUS) V WTI TRADE MONTH NOV 22/APR 23 (NYMEX:QYV.X22-QYV.J23)
Long-Term Downtrend (-90) - QYV.X22-QYV.J23 is in a strong downtrend that is likely to continue. While QYV.X22-QYV.J23 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 QYV.X22-QYV.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QYV.X22-QYV.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QYV.X22-QYV.J23
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 QYV.X22-QYV.J23
Based on our trend formula, QYV.X22-QYV.J23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).