Future Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
WESTERN CANADIAN SELECT OIL INDEX NOVEMBER 2021 (NYMEX:QWCW.X21)
Long-Term Downtrend (-90) - QWCW.X21 is in a strong downtrend that is likely to continue. While QWCW.X21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QWCW.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QWCW.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QWCW.X21
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QWCW.X21
Based on our trend formula, QWCW.X21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).