Future Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
CRUDE OIL (E-MINI) Jan 2022 (NYMEX:QM.F22)
Long-Term Uptrend (+90) - QM.F22 is in a strong uptrend that is likely to continue. While QM.F22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid QM.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.F22
The long-term trend has been UP since Aug 6th, 2020 at 42.200
The intermediate-term trend has been UP since Aug 29th, 2021 at 67.900
The short-term trend has been UP since Sep 22nd, 2021 at 70.375
Smart Scan Analysis for QM.F22
Based on our trend formula, QM.F22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).