Future Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
CRUDE OIL (E-MINI) Nov 2021 (NYMEX:QM.X21)
Strong Uptrend (+100) - QM.X21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, QM.X21 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.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.X21
The long-term trend has been UP since Dec 3rd, 2020 at 45.425
The intermediate-term trend has been UP since Apr 14th, 2021 at 59.650
The short-term trend has been UP since May 12th, 2021 at 63.575
Smart Scan Analysis for QM.X21
Based on our trend formula, QM.X21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).