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Future Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
CRUDE OIL (E-MINI) Dec 2023 (NYMEX:QM.Z23)
Bull Market Weakness (+75) - QM.Z23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QM.Z23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QM.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.Z23.
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.Z23
The long-term trend has been UP since Jul 28th, 2023 at 79.075
The intermediate-term trend has been UP since Sep 1st, 2023 at 82.275
The short-term trend has been DOWN since Sep 29th, 2023 at 88.800
Smart Scan Analysis for QM.Z23
Based on our trend formula, QM.Z23 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 89.800 | 90.975 | 88.500 | 88.800 | -1.025 |
| Prev. Close | Volume | Bid | Ask | Time |
| 88.775 | 1191 | 2023-09-29 16:45:00 |
| Expiration | 2023-11-17 | Open Time | 18:00 |
| Close Time | 17:00 |