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Future Trend Analysis Report

Prepared for you on Thursday, September 23, 2021.

CRUDE OIL MICRO Oct 2021 (NYMEX:MCL.V21)

Sidelines Mode (-55) - MCL.V21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MCL.V21?

MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.V21.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_MCL.V21
Open High Low MCL.V21 Price Change
71.99 71.99 69.38 70.29 -2.59
Entry Signal

MarketClub’s Trade Triangles for MCL.V21

long term down The long-term trend has been DOWN since Jul 14th, 2021 at 72.38

intermediate term up The intermediate-term trend has been UP since Aug 29th, 2021 at 69.18

short term down The short-term trend has been DOWN since Sep 20th, 2021 at 71.22

Smart Scan Analysis for MCL.V21

Based on our trend formula, MCL.V21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MCL.V21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
71.99 71.99 69.38 70.29 -2.59
Prev. Close Volume Bid Ask Time
69.38 1808 2021-09-20 14:27:17
Expiration2021-09-20Open Time18:00
Close Time17:15
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