Future Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
MICRO WTI CRUDE OIL APRIL 2023 (NYMEX:QMCL.J23)
Long-Term Downtrend (-90) - QMCL.J23 is in a strong downtrend that is likely to continue. While QMCL.J23 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 QMCL.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QMCL.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QMCL.J23
The long-term trend has been DOWN since Mar 8th, 2022 at 7826.00
The intermediate-term trend has been DOWN since Mar 14th, 2023 at 73.80
The short-term trend has been DOWN since Mar 8th, 2023 at 77.06
Smart Scan Analysis for QMCL.J23
Based on our trend formula, QMCL.J23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||102.53||52wk High Date||2022-06-09|
|52wk Low||64.09||52wk Low Date||2023-03-20|