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.
MarketClub’s Trade Triangles for QM.G24
The long-term trend has been DOWN since Nov 7th, 2023 at 76.475
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 84.925
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).