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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.

NYMEX_QMCL.J23
Open High Low QMCL.J23 Price Change
66.66 67.68 64.09 67.68 +0.94
Entry Signal

MarketClub’s Trade Triangles for QMCL.J23

long term down The long-term trend has been DOWN since Mar 8th, 2022 at 7826.00

intermediate term down The intermediate-term trend has been DOWN since Mar 14th, 2023 at 73.80

short term down 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).

-90
Smart Scan Analysis for QMCL.J23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
66.66 67.68 64.09 67.68 +0.94
Prev. Close Volume Bid Ask Time
66.74 0 2023-03-20 14:29:07
52wk High102.5352wk High Date2022-06-09
52wk Low64.0952wk Low Date2023-03-20
Volatility33.55Expiration2023-03-20
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