Future Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
CRUDE OIL MICRO Mar 2024 (NYMEX:MCL.H24)
Weak Downtrend (-65) - MCL.H24 is showing signs of a strengthening downtrend. Monitor MCL.H24 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MCL.H24?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.H24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCL.H24
The long-term trend has been UP since Apr 12th, 2023 at 76.40
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 83.50
The short-term trend has been DOWN since Sep 29th, 2023 at 84.41
Smart Scan Analysis for MCL.H24
Based on our trend formula, MCL.H24 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).