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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.

NYMEX_QM.F21
Open High Low QM.F21 Price Change
37.825 38.050 37.750 37.925 +0.250
Entry Signal

MarketClub’s Trade Triangles for QM.F21

long term down The long-term trend has been DOWN since Oct 2nd, 2020 at 37.625

intermediate term down The intermediate-term trend has been DOWN since Sep 3rd, 2020 at 42.400

short term down 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).

-90
Smart Scan Analysis for QM.F21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.825 38.050 37.750 37.925 +0.250
Prev. Close Volume Bid Ask Time
41.050 29 2020-10-28 21:08:33
Expiration2020-12-18Open Time18:00
Close Time17:00
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