Future Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
CRUDE OIL (E-MINI) Jun 2021 (NYMEX:QM.M21)
Countertrend Up (+85) - QM.M21 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.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.M21
The long-term trend has been UP since Jun 5th, 2020 at 39.875
The intermediate-term trend has been UP since May 18th, 2020 at 34.250
The short-term trend has been DOWN since Aug 7th, 2020 at 43.800
Smart Scan Analysis for QM.M21
Based on our trend formula, QM.M21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).