Future Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
CRUDE OIL Jan 2021 (NYMEX:QCL.F21)
Sidelines Mode (-55) - QCL.F21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QCL.F21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.F21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.F21
The long-term trend has been DOWN since Oct 2nd, 2020 at 37.60
The intermediate-term trend has been DOWN since Sep 2nd, 2020 at 42.38
The short-term trend has been UP since Oct 6th, 2020 at 40.33
Smart Scan Analysis for QCL.F21
Based on our trend formula, QCL.F21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||65.43||52wk High Date||2018-09-28|
|52wk Low||26.22||52wk Low Date||2020-04-22|