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Prepared for you on Friday, November 26, 2021.

CRUDE OIL MAY 23/OCT 23 (NYMEX:QCL.K23-QCL.V23)

Long-Term Downtrend (-90) - QCL.K23-QCL.V23 is in a strong downtrend that is likely to continue. While QCL.K23-QCL.V23 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.K23-QCL.V23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.K23-QCL.V23.

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

NYMEX_QCL.K23-QCL.V23
Open High Low QCL.K23-QCL.V23 Price Change
1.92 1.92 1.92 1.92 0.00
Entry Signal

MarketClub’s Trade Triangles for QCL.K23-QCL.V23

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for QCL.K23-QCL.V23

Based on our trend formula, QCL.K23-QCL.V23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QCL.K23-QCL.V23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.92 1.92 1.92 1.92 0.00
Prev. Close Volume Bid Ask Time
1.92 0 2021-11-24 00:00:00
Expiration2023-04-20
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