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Futopt Trend Analysis Report

Prepared for you on Monday, June 27, 2022.

CRUDE OIL MAY 2023 PUT 24000 (NYMEX:QCL.K23.24000P)

Long-Term Downtrend (-90) - QCL.K23.24000P is in a strong downtrend that is likely to continue. While QCL.K23.24000P 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.K23.24000P?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.K23.24000P.

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NYMEX_QCL.K23.24000P
Open High Low QCL.K23.24000P Price Change
151.74 151.74 151.74 151.74 0.00
Entry Signal

MarketClub’s Trade Triangles for QCL.K23.24000P

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for QCL.K23.24000P

Based on our trend formula, QCL.K23.24000P is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QCL.K23.24000P
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
151.74 151.74 151.74 151.74 0.00
Prev. Close Volume Bid Ask Time
151.74 0 2022-06-24 00:00:00
Volatility0.82Strike Price240
Expiration2023-04-17
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