Future Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
CRUDE OIL (E-MINI) Dec 2024 (NYMEX:QM.Z24)
Long-Term Downtrend (-90) - QM.Z24 is in a strong downtrend that is likely to continue. While QM.Z24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QM.Z24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QM.Z24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QM.Z24
The long-term trend has been DOWN since Jul 5th, 2022 at 73.425
The intermediate-term trend has been DOWN since Mar 14th, 2023 at 69.350
The short-term trend has been DOWN since Mar 14th, 2023 at 70.675
Smart Scan Analysis for QM.Z24
Based on our trend formula, QM.Z24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).