Future Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
CRUDE OIL LAST DAY FINANCIAL MAY 2023 (NYMEX:Q26.K23)
Countertrend Up (+85) - Q26.K23 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid Q26.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q26.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q26.K23
The long-term trend has been UP since Jan 8th, 2021 at 46.44
The intermediate-term trend has been UP since Aug 30th, 2021 at 61.35
The short-term trend has been UP since Sep 10th, 2021 at 62.02
Smart Scan Analysis for Q26.K23
Based on our trend formula, Q26.K23 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).