Futopt Trend Analysis Report
Prepared for you on Wednesday, June 16, 2021.
CRUDE OIL Aug 2021 6150 Put (NYMEX:LO.Q21.6150P)
Long-Term Downtrend (-90) - LO.Q21.6150P is in a strong downtrend that is likely to continue. While LO.Q21.6150P 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 LO.Q21.6150P?
MarketClub looks at technical strength and momentum to determine if the timing is right for LO.Q21.6150P.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LO.Q21.6150P
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 LO.Q21.6150P
Based on our trend formula, LO.Q21.6150P is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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