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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.

NYMEX_MCL.H24
Open High Low MCL.H24 Price Change
82.61 82.61 82.35 82.35 -0.63
Entry Signal

MarketClub’s Trade Triangles for MCL.H24

long term up The long-term trend has been UP since Apr 12th, 2023 at 76.40

intermediate term down The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 83.50

short term down 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).

-70
Smart Scan Analysis for MCL.H24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
82.61 82.61 82.35 82.35 -0.63
Prev. Close Volume Bid Ask Time
82.98 9 2023-10-02 22:38:14
Expiration2024-02-16Open Time18:00
Close Time17:15
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