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Future Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

CRUDE OIL MICRO Feb 2023 (NYMEX:MCL.G23)

Weak Downtrend (-65) - MCL.G23 is showing signs of a strengthening downtrend. Monitor MCL.G23 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid MCL.G23?

MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.G23.

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

NYMEX_MCL.G23
Open High Low MCL.G23 Price Change
89.41 89.41 88.26 88.58 -1.81
Entry Signal

MarketClub’s Trade Triangles for MCL.G23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 89.20

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2022 at 97.48

short term up The short-term trend has been UP since Aug 9th, 2022 at 87.17

Smart Scan Analysis for MCL.G23

Based on our trend formula, MCL.G23 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MCL.G23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
89.41 89.41 88.26 88.58 -1.81
Prev. Close Volume Bid Ask Time
88.26 9 2022-08-12 10:12:04
Expiration2023-01-19Open Time18:00
Close Time17:15
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