Futopt Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
CRUDE OIL JANUARY 2024 PUT 8700 (NYMEX:QCL.F24.8700P)
Long-Term Downtrend (-90) - QCL.F24.8700P is in a strong downtrend that is likely to continue. While QCL.F24.8700P 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 QCL.F24.8700P?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.F24.8700P.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.F24.8700P
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.F24.8700P
Based on our trend formula, QCL.F24.8700P is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).