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Future Trend Analysis Report

Prepared for you on Saturday, October 1, 2022.

CRUDE OIL MICRO Oct 2022 (NYMEX:MCL.V22)

Long-Term Downtrend (-90) - MCL.V22 is in a strong downtrend that is likely to continue. While MCL.V22 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 MCL.V22?

MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.V22.

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

NYMEX_MCL.V22
Open High Low MCL.V22 Price Change
85.32 86.42 82.08 85.73 +0.19
Entry Signal

MarketClub’s Trade Triangles for MCL.V22

long term down The long-term trend has been DOWN since Jul 6th, 2022 at 90.80

intermediate term down The intermediate-term trend has been DOWN since Sep 6th, 2022 at 86.14

short term down The short-term trend has been DOWN since Sep 15th, 2022 at 86.63

Smart Scan Analysis for MCL.V22

Based on our trend formula, MCL.V22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MCL.V22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
85.32 86.42 82.08 85.73 +0.19
Prev. Close Volume Bid Ask Time
85.45 1771 2022-09-19 14:21:37
Expiration2022-09-19Open Time18:00
Close Time17:15
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