Future Trend Analysis Report
Prepared for you on Monday, December 6, 2021.
CRUDE OIL Aug 2029 (NYMEX:QCL.Q29)
Sidelines Mode (-55) - QCL.Q29 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.Q29?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.Q29.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.Q29
The long-term trend has been UP since Feb 17th, 2021 at 48.88
The intermediate-term trend has been DOWN since Aug 20th, 2021 at 52.07
The short-term trend has been UP since Sep 24th, 2021 at 52.40
Smart Scan Analysis for QCL.Q29
Based on our trend formula, QCL.Q29 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).