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Future Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

CRUDE OIL MICRO Jan 2023 (NYMEX:MCL.F23)

Strong Downtrend (-100) - MCL.F23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MCL.F23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid MCL.F23?

MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.F23.

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

NYMEX_MCL.F23
Open High Low MCL.F23 Price Change
86.55 88.00 85.20 85.20 -2.00
Entry Signal

MarketClub’s Trade Triangles for MCL.F23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 87.88

intermediate term down The intermediate-term trend has been DOWN since Aug 5th, 2022 at 84.75

short term down The short-term trend has been DOWN since Aug 16th, 2022 at 86.47

Smart Scan Analysis for MCL.F23

Based on our trend formula, MCL.F23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for MCL.F23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
86.55 88.00 85.20 85.20 -2.00
Prev. Close Volume Bid Ask Time
87.20 21 2022-08-16 12:42:25
Expiration2022-12-19Open Time18:00
Close Time17:15
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