Future Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
CRUDE OIL MICRO Nov 2021 (NYMEX:MCL.X21)
Strong Uptrend (+100) - MCL.X21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MCL.X21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid MCL.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCL.X21
The long-term trend has been UP since Sep 23rd, 2021 at 72.74
The intermediate-term trend has been UP since Aug 29th, 2021 at 68.76
The short-term trend has been UP since Sep 22nd, 2021 at 71.90
Smart Scan Analysis for MCL.X21
Based on our trend formula, MCL.X21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).