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Future Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
CRUDE OIL MICRO Jul 2023 (NYMEX:MCL.N23)
Crossroads (+60) - MCL.N23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MCL.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MCL.N23
The long-term trend has been DOWN since May 3rd, 2023 at 65.83
The intermediate-term trend has been UP since Jun 4th, 2023 at 74.36
The short-term trend has been UP since Jun 2nd, 2023 at 70.40
Smart Scan Analysis for MCL.N23
Based on our trend formula, MCL.N23 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 74.17 | 75.32 | 72.26 | 72.98 | +1.24 |
| Prev. Close | Volume | Bid | Ask | Time |
| 71.87 | 38011 | 2023-06-05 06:13:58 |
| Expiration | 2023-06-16 | Open Time | 18:00 |
| Close Time | 17:15 |