Future Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
CRUDE OIL May 2023 (NYMEX:QCL.K23)
Sidelines Mode (+55) - QCL.K23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QCL.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.K23
The long-term trend has been UP since Jan 8th, 2021 at 46.44
The intermediate-term trend has been DOWN since Jun 20th, 2022 at 92.94
The short-term trend has been UP since Jun 28th, 2022 at 91.51
Smart Scan Analysis for QCL.K23
Based on our trend formula, QCL.K23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||101.66||52wk High Date||2022-06-08|
|52wk Low||40.55||52wk Low Date||2020-05-18|