Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Thursday, August 6, 2020.

CRUDE OIL (E-MINI) Sep 2020 (NYMEX:QM.U20)

Countertrend Up (+85) - QM.U20 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.U20?

MarketClub looks at technical strength and momentum to determine if the timing is right for QM.U20.

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

NYMEX_QM.U20
Open High Low QM.U20 Price Change
42.225 42.650 41.600 42.325 +0.125
Entry Signal

MarketClub’s Trade Triangles for QM.U20

long term up The long-term trend has been UP since Jul 15th, 2020 at 41.350

intermediate term up The intermediate-term trend has been UP since May 17th, 2020 at 30.775

short term down The short-term trend has been DOWN since Aug 3rd, 2020 at 39.650

Smart Scan Analysis for QM.U20

Based on our trend formula, QM.U20 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for QM.U20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42.225 42.650 41.600 42.325 +0.125
Prev. Close Volume Bid Ask Time
36.975 6270 2020-08-06 11:03:16
Expiration2020-08-19Open Time18:00
Close Time17:00
Get a free daily analysis and signals for CRUDE OIL (E-MINI) Sep 2020 (QM.U20) - Request Your Free Report.