Future Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
CRUDE OIL LAST DAY FINANCIAL OCTOBER 2023 (NYMEX:Q26.V23)
Long-Term Downtrend (-90) - Q26.V23 is in a strong downtrend that is likely to continue. While Q26.V23 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 Q26.V23?
MarketClub looks at technical strength and momentum to determine if the timing is right for Q26.V23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for Q26.V23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for Q26.V23
Based on our trend formula, Q26.V23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).