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Prepared for you on Wednesday, January 19, 2022.

MICRO WTI CRUDE OIL JUL 22/NOV 22 (NYMEX:QMCL.N22-QMCL.X22)

Long-Term Downtrend (-90) - QMCL.N22-QMCL.X22 is in a strong downtrend that is likely to continue. While QMCL.N22-QMCL.X22 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.N22-QMCL.X22?

MarketClub looks at technical strength and momentum to determine if the timing is right for QMCL.N22-QMCL.X22.

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

NYMEX_QMCL.N22-QMCL.X22
Open High Low QMCL.N22-QMCL.X22 Price Change
3.33 3.33 3.33 3.33 0.00
Entry Signal

MarketClub’s Trade Triangles for QMCL.N22-QMCL.X22

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 QMCL.N22-QMCL.X22

Based on our trend formula, QMCL.N22-QMCL.X22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QMCL.N22-QMCL.X22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.33 3.33 3.33 3.33 0.00
Prev. Close Volume Bid Ask Time
3.33 0 74.74 2022-01-18 00:00:00
Expiration2022-06-17
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