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.
MarketClub’s Trade Triangles for QM.U20
The long-term trend has been UP since Jul 15th, 2020 at 41.350
The intermediate-term trend has been UP since May 17th, 2020 at 30.775
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).