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Prepared for you on Wednesday, August 17, 2022.

MICRO WTI CRUDE OIL DEC 22/JUN 23 (NYMEX:QMCL.Z22-QMCL.M23)

Long-Term Downtrend (-90) - QMCL.Z22-QMCL.M23 is in a strong downtrend that is likely to continue. While QMCL.Z22-QMCL.M23 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.Z22-QMCL.M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QMCL.Z22-QMCL.M23.

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

NYMEX_QMCL.Z22-QMCL.M23
Open High Low QMCL.Z22-QMCL.M23 Price Change
3.15 3.15 3.15 4.86 +1.71
Entry Signal

MarketClub’s Trade Triangles for QMCL.Z22-QMCL.M23

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.Z22-QMCL.M23

Based on our trend formula, QMCL.Z22-QMCL.M23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QMCL.Z22-QMCL.M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.15 3.15 3.15 4.86 +1.71
Prev. Close Volume Bid Ask Time
3.15 0 2.24 3.95 2022-08-11 21:28:52
52wk High4.8652wk High Date2022-08-11
52wk Low4.8652wk Low Date2022-08-11
Expiration2022-11-18
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