Future Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
CRUDE OIL (E-MINI) Nov 2021 (NYMEX:QM.X21)
Long-Term Uptrend (+90) - QM.X21 is in a strong uptrend that is likely to continue. While QM.X21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Aug 29th, 2021 at 68.825
The short-term trend has been UP since Sep 22nd, 2021 at 71.975
Smart Scan Analysis for QM.X21
Based on our trend formula, QM.X21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).