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Future Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

CRUDE OIL (E-MINI) Feb 2024 (NYMEX:QM.G24)

Long-Term Downtrend (-90) - QM.G24 is in a strong downtrend that is likely to continue. While QM.G24 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 QM.G24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QM.G24.

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

NYMEX_QM.G24
Open High Low QM.G24 Price Change
70.000 71.800 69.725 71.275 +1.400
Entry Signal

MarketClub’s Trade Triangles for QM.G24

long term down The long-term trend has been DOWN since Nov 7th, 2023 at 76.475

intermediate term down The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 84.925

short term down The short-term trend has been DOWN since Dec 1st, 2023 at 75.500

Smart Scan Analysis for QM.G24

Based on our trend formula, QM.G24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QM.G24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
70.000 71.800 69.725 71.275 +1.400
Prev. Close Volume Bid Ask Time
69.875 871 2023-12-08 12:00:38
Expiration2024-01-19Open Time18:00
Close Time17:00
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