Future Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
CRUDE OIL MAY 2023 (NYMEX:QCL.K23)
Long-Term Downtrend (-90) - QCL.K23 is in a strong downtrend that is likely to continue. While QCL.K23 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 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 DOWN since Jul 5th, 2022 at 84.42
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 74.05
The short-term trend has been DOWN since Mar 13th, 2023 at 74.92
Smart Scan Analysis for QCL.K23
Based on our trend formula, QCL.K23 is rated as a -90 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|