Futopt Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
CRUDE OIL FEBRUARY 2024 CALL 8550 (NYMEX:QCL.G24.8550C)
Strong Downtrend (-100) - QCL.G24.8550C is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QCL.G24.8550C continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QCL.G24.8550C?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.G24.8550C.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.G24.8550C
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.G24.8550C
Based on our trend formula, QCL.G24.8550C is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).