Future Trend Analysis Report
Prepared for you on Tuesday, November 30, 2021.
CRUDE OIL MICRO Apr 2022 (NYMEX:MCL.J22)
Crossroads (-60) - MCL.J22 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MCL.J22?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.J22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCL.J22
The long-term trend has been UP since Sep 2nd, 2021 at 66.95
The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 76.19
The short-term trend has been DOWN since Nov 26th, 2021 at 73.90
Smart Scan Analysis for MCL.J22
Based on our trend formula, MCL.J22 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).