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.
MarketClub’s Trade Triangles for MCL.F23
The long-term trend has been DOWN since Jul 5th, 2022 at 87.88
The intermediate-term trend has been DOWN since Aug 5th, 2022 at 84.75
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).