Future Trend Analysis Report
Prepared for you on Saturday, September 30, 2023.
CRUDE OIL MICRO Oct 2023 (NYMEX:MCL.V23)
Long-Term Uptrend (+90) - MCL.V23 is in a strong uptrend that is likely to continue. While MCL.V23 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MCL.V23?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.V23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCL.V23
The long-term trend has been UP since Jul 31st, 2023 at 80.58
The intermediate-term trend has been UP since Aug 31st, 2023 at 83.62
The short-term trend has been UP since Sep 12th, 2023 at 87.95
Smart Scan Analysis for MCL.V23
Based on our trend formula, MCL.V23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).