Future Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
ARGUS SOUR CRUDE INDEX (ASCI) Dec 2021 (NYMEX:Q29.Z21)
Sidelines Mode (+55) - Q29.Z21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid Q29.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q29.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q29.Z21
The long-term trend has been UP since Dec 10th, 2020 at 44.85
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 74.08
The short-term trend has been UP since Sep 10th, 2021 at 67.88
Smart Scan Analysis for Q29.Z21
Based on our trend formula, Q29.Z21 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).