Future Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
CRUDE OIL (E-MINI) Jun 2021 (NYMEX:QM.M21)
Long-Term Uptrend (+90) - QM.M21 is in a strong uptrend that is likely to continue. While QM.M21 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.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.M21
The long-term trend has been UP since Nov 24th, 2020 at 45.550
The intermediate-term trend has been UP since Apr 14th, 2021 at 62.225
The short-term trend has been UP since Apr 27th, 2021 at 62.425
Smart Scan Analysis for QM.M21
Based on our trend formula, QM.M21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).