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Prepared for you on Tuesday, May 18, 2021.

CRUDE OIL DEC 22/MAR 23 (NYMEX:QCL.Z22-QCL.H23)

Long-Term Downtrend (-90) - QCL.Z22-QCL.H23 is in a strong downtrend that is likely to continue. While QCL.Z22-QCL.H23 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.Z22-QCL.H23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.Z22-QCL.H23.

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

NYMEX_QCL.Z22-QCL.H23
Open High Low QCL.Z22-QCL.H23 Price Change
0.91 0.98 0.91 0.97 +0.03
Entry Signal

MarketClub’s Trade Triangles for QCL.Z22-QCL.H23

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.Z22-QCL.H23

Based on our trend formula, QCL.Z22-QCL.H23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QCL.Z22-QCL.H23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.91 0.98 0.91 0.97 +0.03
Prev. Close Volume Bid Ask Time
0.94 4 0.96 0.98 2021-05-17 12:33:32
52wk High0.9852wk High Date2021-05-04
52wk Low-0.5852wk Low Date2020-05-04
Expiration2022-11-21
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