Future Trend Analysis Report
Prepared for you on Tuesday, May 24, 2022.
CRUDE OIL Feb 2029 (NYMEX:QCL.G29)
Bull Market Weakness (+75) - QCL.G29 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QCL.G29 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QCL.G29?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.G29.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.G29
The long-term trend has been UP since Feb 16th, 2021 at 48.51
The intermediate-term trend has been UP since Sep 28th, 2021 at 52.47
The short-term trend has been UP since Sep 28th, 2021 at 52.27
Smart Scan Analysis for QCL.G29
Based on our trend formula, QCL.G29 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).