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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.

NYMEX_QM.M21
Open High Low QM.M21 Price Change
65.300 65.975 64.925 64.950 -0.350
Entry Signal

MarketClub’s Trade Triangles for QM.M21

long term up The long-term trend has been UP since Nov 24th, 2020 at 45.550

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2021 at 62.225

short term up 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).

+90
Smart Scan Analysis for QM.M21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
65.300 65.975 64.925 64.950 -0.350
Prev. Close Volume Bid Ask Time
65.300 5669 2021-05-06 08:11:12
Expiration2021-05-19Open Time18:00
Close Time17:00
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