Future Trend Analysis Report
Prepared for you on Sunday, October 2, 2022.
CRUDE OIL (E-MINI) Jan 2023 (NYMEX:QM.F23)
Bear Market Rally (-75) - QM.F23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QM.F23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QM.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.F23
The long-term trend has been DOWN since Jul 5th, 2022 at 89.475
The intermediate-term trend has been DOWN since Sep 7th, 2022 at 84.700
The short-term trend has been UP since Sep 28th, 2022 at 78.075
Smart Scan Analysis for QM.F23
Based on our trend formula, QM.F23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).