Future Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
CRUDE OIL (E-MINI) Nov 2020 (NYMEX:QM.X20)
Bull Market Weakness (+75) - QM.X20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QM.X20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QM.X20?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.X20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.X20
The long-term trend has been DOWN since Jan 16th, 2020 at 56.325
The intermediate-term trend has been UP since Apr 6th, 2020 at 34.600
The short-term trend has been UP since Apr 3rd, 2020 at 32.900
Smart Scan Analysis for QM.X20
Based on our trend formula, QM.X20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).