Future Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
CRUDE OIL (E-MINI) Jan 2021 (NYMEX:QM.F21)
Long-Term Downtrend (-90) - QM.F21 is in a strong downtrend that is likely to continue. While QM.F21 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 QM.F21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.F21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.F21
The long-term trend has been DOWN since Oct 2nd, 2020 at 37.625
The intermediate-term trend has been DOWN since Sep 3rd, 2020 at 42.400
The short-term trend has been DOWN since Oct 21st, 2020 at 41.000
Smart Scan Analysis for QM.F21
Based on our trend formula, QM.F21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).