Spread Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
MARS (ARGUS) V WTI JUL 23/JAN 24 (NYMEX:QYX.N23-QYX.F24)
Strong Downtrend (-100) - QYX.N23-QYX.F24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QYX.N23-QYX.F24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QYX.N23-QYX.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QYX.N23-QYX.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QYX.N23-QYX.F24
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 QYX.N23-QYX.F24
Based on our trend formula, QYX.N23-QYX.F24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).