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Future Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

CRUDE OIL Mar 2024 (NYMEX:QCL.H24)

Bear Market Rally (-75) - QCL.H24 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QCL.H24 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid QCL.H24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.H24.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QCL.H24
Open High Low QCL.H24 Price Change
70.33 70.33 70.33 70.38 +0.05
Entry Signal

MarketClub’s Trade Triangles for QCL.H24

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 78.37

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2023 at 71.30

short term up The short-term trend has been UP since Mar 22nd, 2023 at 67.92

Smart Scan Analysis for QCL.H24

Based on our trend formula, QCL.H24 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for QCL.H24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
70.33 70.33 70.33 70.38 +0.05
Prev. Close Volume Bid Ask Time
70.33 79 70.08 70.12 2023-03-27 15:55:25
52wk High88.4152wk High Date2022-06-07
52wk Low45.5852wk Low Date2020-12-18
Volatility26.74Expiration2024-02-20
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