Future Trend Analysis Report
Prepared for you on Friday, July 1, 2022.
CRUDE OIL May 2029 (NYMEX:QCL.K29)
Sidelines Mode (+50) - QCL.K29 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until QCL.K29 can gain momentum.
Is it time to buy, sell, or avoid QCL.K29?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.K29.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.K29
The long-term trend has been DOWN since Sep 21st, 2021 at 51.66
The intermediate-term trend has been UP since Sep 30th, 2021 at 52.62
The short-term trend has been UP since Sep 27th, 2021 at 52.41
Smart Scan Analysis for QCL.K29
Based on our trend formula, QCL.K29 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).