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Future Trend Analysis Report

Prepared for you on Tuesday, October 27, 2020.

CRUDE OIL APRIL 2021 (NYMEX:QCL.J21)

Long-Term Downtrend (-90) - QCL.J21 is in a strong downtrend that is likely to continue. While QCL.J21 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 QCL.J21?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.J21.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QCL.J21
Open High Low QCL.J21 Price Change
39.90 39.99 39.81 39.95 +0.13
Entry Signal

MarketClub’s Trade Triangles for QCL.J21

long term down The long-term trend has been DOWN since Oct 2nd, 2020 at 38.99

intermediate term down The intermediate-term trend has been DOWN since Sep 3rd, 2020 at 43.39

short term down The short-term trend has been DOWN since Oct 22nd, 2020 at 41.76

Smart Scan Analysis for QCL.J21

Based on our trend formula, QCL.J21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QCL.J21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
39.90 39.99 39.81 39.95 +0.13
Prev. Close Volume Bid Ask Time
39.82 269 39.99 40.01 2020-10-26 23:35:24
52wk High5952wk High Date2018-07-23
52wk Low28.1552wk Low Date2020-04-22
Volatility30.1Expiration2021-03-22
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