Future Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
LOOP GULF COAST SOUR CRUDE OIL Nov 2021 (NYMEX:QMB.X21)
Strong Uptrend (+100) - QMB.X21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, QMB.X21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid QMB.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMB.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMB.X21
The long-term trend has been UP since Sep 28th, 2021 at 70.18
The intermediate-term trend has been UP since Aug 30th, 2021 at 66.78
The short-term trend has been UP since Sep 28th, 2021 at 69.17
Smart Scan Analysis for QMB.X21
Based on our trend formula, QMB.X21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).