Future Trend Analysis Report
Prepared for you on Tuesday, May 24, 2022.
CRUDE OIL (E-MINI) Dec 2023 (NYMEX:QM.Z23)
Strong Uptrend (+100) - QM.Z23 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, QM.Z23 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.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.Z23
The long-term trend has been UP since Dec 10th, 2020 at 44.6
The intermediate-term trend has been UP since May 9th, 2022 at 85.0
The short-term trend has been UP since May 23rd, 2022 at 83.8
Smart Scan Analysis for QM.Z23
Based on our trend formula, QM.Z23 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).