Future Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
ARGUS SOUR CRUDE INDEX (ASCI) NOVEMBER 2021 (NYMEX:Q29.X21)
Strong Uptrend (+100) - Q29.X21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, Q29.X21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid Q29.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q29.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q29.X21
The long-term trend has been UP since Dec 4th, 2020 at 44.92
The intermediate-term trend has been UP since Aug 30th, 2021 at 67.83
The short-term trend has been UP since Sep 10th, 2021 at 68.25
Smart Scan Analysis for Q29.X21
Based on our trend formula, Q29.X21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).