Future Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
LOOP CRUDE OIL STORAGE DECEMBER 2021 (NYMEX:QLPS.Z21)
Long-Term Downtrend (-90) - QLPS.Z21 is in a strong downtrend that is likely to continue. While QLPS.Z21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QLPS.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QLPS.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QLPS.Z21
The long-term trend has been DOWN since Sep 1st, 2020 at 0.18
The intermediate-term trend has been DOWN since Jan 5th, 2021 at 0.10
The short-term trend has been DOWN since Jan 5th, 2021 at 0.10
Smart Scan Analysis for QLPS.Z21
Based on our trend formula, QLPS.Z21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).