Future Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
CRUDE OIL MICRO Dec 2022 (NYMEX:MCL.Z22)
Strong Uptrend (+100) - MCL.Z22 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MCL.Z22 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.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCL.Z22
The long-term trend has been UP since Jan 6th, 2022 at 73.0
The intermediate-term trend has been UP since Dec 27th, 2021 at 69.4
The short-term trend has been UP since Jan 26th, 2022 at 78.1
Smart Scan Analysis for MCL.Z22
Based on our trend formula, MCL.Z22 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).