Future Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
CRUDE OIL (E-MINI) Aug 2021 (NYMEX:QM.Q21)
Countertrend Up (+85) - QM.Q21 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.Q21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.Q21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.Q21
The long-term trend has been UP since Dec 9th, 2020 at 45.375
The intermediate-term trend has been UP since Apr 14th, 2021 at 60.850
The short-term trend has been DOWN since May 13th, 2021 at 64.450
Smart Scan Analysis for QM.Q21
Based on our trend formula, QM.Q21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).