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.
MarketClub’s Trade Triangles for MCL.V21
The long-term trend has been DOWN since Jul 14th, 2021 at 72.38
The intermediate-term trend has been UP since Aug 29th, 2021 at 69.18
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).