Futopt Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
CRUDE OIL MAY 2023 PUT 11700 (NYMEX:QCL.K23.11700P)
Long-Term Downtrend (-90) - QCL.K23.11700P is in a strong downtrend that is likely to continue. While QCL.K23.11700P 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.K23.11700P?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.K23.11700P.
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MarketClub’s Trade Triangles for QCL.K23.11700P
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.K23.11700P
Based on our trend formula, QCL.K23.11700P is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).