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Prepared for you on Wednesday, August 17, 2022.

CRUDE OIL NOV 22/MAY 23 (NYMEX:QCL.X22-QCL.K23)

Strong Downtrend (-100) - QCL.X22-QCL.K23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QCL.X22-QCL.K23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid QCL.X22-QCL.K23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.X22-QCL.K23.

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

NYMEX_QCL.X22-QCL.K23
Open High Low QCL.X22-QCL.K23 Price Change
2.96 3.33 2.87 3.13 +0.12
Entry Signal

MarketClub’s Trade Triangles for QCL.X22-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.X22-QCL.K23

Based on our trend formula, QCL.X22-QCL.K23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for QCL.X22-QCL.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.96 3.33 2.87 3.13 +0.12
Prev. Close Volume Bid Ask Time
3.01 30 3.16 3.18 2022-08-17 12:40:48
52wk High10.8852wk High Date2022-06-07
52wk Low2.8952wk Low Date2022-08-16
Expiration2022-10-20
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