Futopt Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
CRUDE OIL JANUARY 2024 CALL 5050 (NYMEX:QCL.F24.5050C)
Strong Downtrend (-100) - QCL.F24.5050C is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QCL.F24.5050C continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QCL.F24.5050C?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.F24.5050C.
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MarketClub’s Trade Triangles for QCL.F24.5050C
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QCL.F24.5050C
Based on our trend formula, QCL.F24.5050C is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).