Futopt Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
CRUDE OIL OCTOBER 2023 CALL 8500 (NYMEX:QCL.V23.8500C)
Long-Term Downtrend (-90) - QCL.V23.8500C is in a strong downtrend that is likely to continue. While QCL.V23.8500C 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.V23.8500C?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.V23.8500C.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.V23.8500C
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.V23.8500C
Based on our trend formula, QCL.V23.8500C is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).