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Prepared for you on Wednesday, February 26, 2020.

CRUDE OIL JUL 22/MAY 23 (NYMEX:QCL.N22-QCL.K23)

Long-Term Downtrend (-90) - QCL.N22-QCL.K23 is in a strong downtrend that is likely to continue. While QCL.N22-QCL.K23 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.N22-QCL.K23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.N22-QCL.K23.

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NYMEX_QCL.N22-QCL.K23
Open High Low QCL.N22-QCL.K23 Price Change
-0.16 -0.16 -0.16 -0.16 0.00
Entry Signal

MarketClub’s Trade Triangles for QCL.N22-QCL.K23

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.N22-QCL.K23

Based on our trend formula, QCL.N22-QCL.K23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QCL.N22-QCL.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.16 -0.16 -0.16 -0.16 0.00
Prev. Close Volume Bid Ask Time
-0.16 0 2020-02-25 00:00:00
Expiration2022-06-21
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