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Future Trend Analysis Report

Prepared for you on Saturday, August 20, 2022.

CRUDE OIL (E-MINI) Sep 2022 (NYMEX:QM.U22)

Countertrend Down (-85) - QM.U22 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid QM.U22?

MarketClub looks at technical strength and momentum to determine if the timing is right for QM.U22.

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

NYMEX_QM.U22
Open High Low QM.U22 Price Change
90.500 92.000 88.425 90.770 0.000
Entry Signal

MarketClub’s Trade Triangles for QM.U22

long term down The long-term trend has been DOWN since Jul 12th, 2022 at 92.000

intermediate term down The intermediate-term trend has been DOWN since Jun 21st, 2022 at 104.375

short term up The short-term trend has been UP since Aug 18th, 2022 at 88.975

Smart Scan Analysis for QM.U22

Based on our trend formula, QM.U22 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for QM.U22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
90.500 92.000 88.425 90.770 0.000
Prev. Close Volume Bid Ask Time
90.375 334 2022-08-19 14:24:05
Expiration2022-08-19Open Time18:00
Close Time17:00
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