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Future Trend Analysis Report

Prepared for you on Monday, August 3, 2020.

CRUDE OIL (E-MINI) Mar 2021 (NYMEX:QM.H21)

Countertrend Up (+85) - QM.H21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid QM.H21?

MarketClub looks at technical strength and momentum to determine if the timing is right for QM.H21.

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

NYMEX_QM.H21
Open High Low QM.H21 Price Change
41.950 41.950 41.950 41.950 +0.275
Entry Signal

MarketClub’s Trade Triangles for QM.H21

long term up The long-term trend has been UP since Jul 15th, 2020 at 41.600

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 32.825

short term up The short-term trend has been UP since Jul 15th, 2020 at 41.600

Smart Scan Analysis for QM.H21

Based on our trend formula, QM.H21 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for QM.H21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
41.950 41.950 41.950 41.950 +0.275
Prev. Close Volume Bid Ask Time
37.000 1 2020-07-31 03:38:23
Expiration2021-02-19Open Time18:00
Close Time17:00
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