Future Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
CRUDE OIL (E-MINI) Oct 2021 (NYMEX:QM.V21)
Strong Uptrend (+100) - QM.V21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, QM.V21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid QM.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.V21
The long-term trend has been UP since Nov 27th, 2020 at 45.425
The intermediate-term trend has been UP since Apr 14th, 2021 at 59.775
The short-term trend has been UP since Apr 29th, 2021 at 61.225
Smart Scan Analysis for QM.V21
Based on our trend formula, QM.V21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).