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Future Trend Analysis Report
Prepared for you on Friday, September 29, 2023.
CRUDE OIL (E-MINI) Oct 2023 (NYMEX:QM.V23)
Long-Term Uptrend (+90) - QM.V23 is in a strong uptrend that is likely to continue. While QM.V23 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.V23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.V23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for QM.V23
The long-term trend has been UP since Apr 18th, 2023 at 78.800
The intermediate-term trend has been UP since Aug 31st, 2023 at 83.575
The short-term trend has been UP since Sep 12th, 2023 at 87.925
Smart Scan Analysis for QM.V23
Based on our trend formula, QM.V23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 92.375 | 93.725 | 91.150 | 91.200 | -0.950 |
| Prev. Close | Volume | Bid | Ask | Time |
| 91.200 | 636 | 2023-09-19 14:27:54 |
| Expiration | 2023-09-19 | Open Time | 18:00 |
| Close Time | 17:00 |