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Future Trend Analysis Report

Prepared for you on Tuesday, September 27, 2022.

CRUDE OIL (E-MINI) Aug 2023 (NYMEX:QM.Q23)

Strong Downtrend (-100) - QM.Q23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QM.Q23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid QM.Q23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QM.Q23.

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

NYMEX_QM.Q23
Open High Low QM.Q23 Price Change
72.100 73.500 71.200 70.675 -1.500
Entry Signal

MarketClub’s Trade Triangles for QM.Q23

long term down The long-term trend has been DOWN since Sep 1st, 2022 at 80.55

intermediate term down The intermediate-term trend has been DOWN since Sep 1st, 2022 at 81.75

short term down The short-term trend has been DOWN since Sep 23rd, 2022 at 76.00

Smart Scan Analysis for QM.Q23

Based on our trend formula, QM.Q23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for QM.Q23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
72.100 73.500 71.200 70.675 -1.500
Prev. Close Volume Bid Ask Time
71.200 10 2022-09-26 17:28:48
Expiration2023-07-19Open Time18:00
Close Time17:00
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