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Future Trend Analysis Report

Prepared for you on Friday, September 22, 2023.

CRUDE OIL NOVEMBER 2023 (NYMEX:QCL.X23)

Strong Uptrend (+100) - QCL.X23 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, QCL.X23 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid QCL.X23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.X23.

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

NYMEX_QCL.X23
Open High Low QCL.X23 Price Change
89.62 91.33 89.31 90.32 +0.69
Entry Signal

MarketClub’s Trade Triangles for QCL.X23

long term up The long-term trend has been UP since Jul 31st, 2023 at 79.85

intermediate term up The intermediate-term trend has been UP since Sep 1st, 2023 at 83.26

short term up The short-term trend has been UP since Sep 22nd, 2023 at 90.85

Smart Scan Analysis for QCL.X23

Based on our trend formula, QCL.X23 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for QCL.X23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
89.62 91.33 89.31 90.32 +0.69
Prev. Close Volume Bid Ask Time
89.63 379075 90.32 90.34 2023-09-22 16:59:40
52wk High92.4352wk High Date2023-09-19
52wk Low39.852wk Low Date2020-04-21
Volatility25.75Expiration2023-10-20
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