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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.

NYMEX_QCL.K23
Open High Low QCL.K23 Price Change
89.32 91.16 89.28 91.16 +1.43
Entry Signal

MarketClub’s Trade Triangles for QCL.K23

long term up The long-term trend has been UP since Jan 8th, 2021 at 46.44

intermediate term down The intermediate-term trend has been DOWN since Jun 20th, 2022 at 92.94

short term up 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).

+55
Smart Scan Analysis for QCL.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
89.32 91.16 89.28 91.16 +1.43
Prev. Close Volume Bid Ask Time
89.73 731 91.34 91.41 2022-07-04 11:19:30
52wk High101.6652wk High Date2022-06-08
52wk Low40.5552wk Low Date2020-05-18
Volatility41.34Expiration2023-04-20
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