Future Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
CRUDE OIL (E-MINI) Aug 2020 (NYMEX:QM.Q20)
Bull Market Weakness (+75) - QM.Q20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QM.Q20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QM.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.Q20
The long-term trend has been DOWN since Feb 4th, 2020 at 52.000
The intermediate-term trend has been UP since May 17th, 2020 at 30.375
The short-term trend has been UP since May 29th, 2020 at 34.550
Smart Scan Analysis for QM.Q20
Based on our trend formula, QM.Q20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).