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.
MarketClub’s Trade Triangles for QCL.J21
The long-term trend has been DOWN since Oct 2nd, 2020 at 38.99
The intermediate-term trend has been DOWN since Sep 3rd, 2020 at 43.39
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).
|52wk High||59||52wk High Date||2018-07-23|
|52wk Low||28.15||52wk Low Date||2020-04-22|