Future Trend Analysis Report
Prepared for you on Monday, May 29, 2023.
CRUDE OIL (E-MINI) Aug 2023 (NYMEX:QM.Q23)
Weak Uptrend (+65) - QM.Q23 is showing signs of weakening momentum to the upside. Monitor QM.Q23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QM.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.Q23
The long-term trend has been UP since Apr 12th, 2023 at 81.875
The intermediate-term trend has been DOWN since Apr 26th, 2023 at 76.125
The short-term trend has been UP since May 29th, 2023 at 73.500
Smart Scan Analysis for QM.Q23
Based on our trend formula, QM.Q23 is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).