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Future Trend Analysis Report

Prepared for you on Saturday, April 1, 2023.

CRUDE OIL AUGUST 2023 (NYMEX:QCL.Q23)

Bear Market Rally (-75) - QCL.Q23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QCL.Q23 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid QCL.Q23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.Q23.

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

NYMEX_QCL.Q23
Open High Low QCL.Q23 Price Change
73.50 74.11 73.27 73.27 +0.21
Entry Signal

MarketClub’s Trade Triangles for QCL.Q23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 83.00

intermediate term down The intermediate-term trend has been DOWN since Mar 14th, 2023 at 73.93

short term up The short-term trend has been UP since Mar 23rd, 2023 at 69.46

Smart Scan Analysis for QCL.Q23

Based on our trend formula, QCL.Q23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for QCL.Q23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.50 74.11 73.27 73.27 +0.21
Prev. Close Volume Bid Ask Time
74.13 16786 73.28 73.30 2023-03-29 10:43:35
52wk High96.852wk High Date2022-06-08
52wk Low44.3852wk Low Date2020-09-09
Volatility30.65Expiration2023-07-20
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