Future Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
CRUDE OIL MICRO Jul 2022 (NYMEX:MCL.N22)
Weak Downtrend (-65) - MCL.N22 is showing signs of a strengthening downtrend. Monitor MCL.N22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MCL.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCL.N22
The long-term trend has been UP since Jan 7th, 2022 at 76.97
The intermediate-term trend has been DOWN since Jun 17th, 2022 at 109.17
The short-term trend has been DOWN since Jun 10th, 2022 at 119.28
Smart Scan Analysis for MCL.N22
Based on our trend formula, MCL.N22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).