Future Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
WTI CRUDE OIL CAL SPREAD 1 MO Nov 2021 (NYMEX:QCAY.X21)
Bear Market Rally (-75) - QCAY.X21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QCAY.X21 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QCAY.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCAY.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCAY.X21
The long-term trend has been DOWN since Aug 9th, 2021 at 0.39
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.33
The short-term trend has been DOWN since Oct 1st, 2021 at 0.37
Smart Scan Analysis for QCAY.X21
Based on our trend formula, QCAY.X21 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).