Spread Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
MARS (ARGUS) V WTI JUL 23/APR 24 (NYMEX:QYX.N23-QYX.J24)
Long-Term Downtrend (-90) - QYX.N23-QYX.J24 is in a strong downtrend that is likely to continue. While QYX.N23-QYX.J24 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 QYX.N23-QYX.J24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QYX.N23-QYX.J24.
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.J24
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.J24
Based on our trend formula, QYX.N23-QYX.J24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).