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Future Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

CRUDE OIL (E-MINI) Nov 2022 (NYMEX:QM.X22)

Strong Downtrend (-100) - QM.X22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QM.X22 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid QM.X22?

MarketClub looks at technical strength and momentum to determine if the timing is right for QM.X22.

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

NYMEX_QM.X22
Open High Low QM.X22 Price Change
87.275 89.300 86.075 86.175 -1.750
Entry Signal

MarketClub’s Trade Triangles for QM.X22

long term down The long-term trend has been DOWN since Jul 6th, 2022 at 90.000

intermediate term down The intermediate-term trend has been DOWN since Jun 19th, 2022 at 103.000

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 90.075

Smart Scan Analysis for QM.X22

Based on our trend formula, QM.X22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for QM.X22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
87.275 89.300 86.075 86.175 -1.750
Prev. Close Volume Bid Ask Time
87.925 75 2022-08-16 12:42:41
Expiration2022-10-19Open Time18:00
Close Time17:00
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