Future Trend Analysis Report
Prepared for you on Saturday, June 10, 2023.
CRUDE OIL (E-MINI) Jul 2023 (NYMEX:QM.N23)
Bear Market Rally (-75) - QM.N23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QM.N23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QM.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.N23
The long-term trend has been DOWN since May 3rd, 2023 at 65.975
The intermediate-term trend has been UP since Jun 4th, 2023 at 74.375
The short-term trend has been DOWN since Jun 8th, 2023 at 71.500
Smart Scan Analysis for QM.N23
Based on our trend formula, QM.N23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).