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Future Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
CRUDE OIL MAY 2024 (NYMEX:QCL.K24)
Long-Term Downtrend (-90) - QCL.K24 is in a strong downtrend that is likely to continue. While QCL.K24 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.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for QCL.K24
The long-term trend has been DOWN since Jul 5th, 2022 at 77.23
The intermediate-term trend has been DOWN since Feb 1st, 2023 at 72.61
The short-term trend has been DOWN since Mar 15th, 2023 at 71.78
Smart Scan Analysis for QCL.K24
Based on our trend formula, QCL.K24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 67.42 | 67.42 | 67.42 | 67.46 | +0.04 |
| Prev. Close | Volume | Bid | Ask | Time |
| 67.42 | 638 | 66.35 | 67.35 | 2023-03-22 15:52:24 |
| 52wk High | 84.4 | 52wk High Date | 2022-06-21 |
| 52wk Low | 45.5 | 52wk Low Date | 2020-12-18 |
| Volatility | 24.67 | Expiration | 2024-04-22 |