Future Trend Analysis Report
Prepared for you on Friday, June 9, 2023.
CRUDE OIL MICRO Apr 2024 (NYMEX:MCL.J24)
Strong Downtrend (-100) - MCL.J24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MCL.J24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MCL.J24?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.J24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCL.J24
The long-term trend has been DOWN since May 2nd, 2023 at 69.78
The intermediate-term trend has been DOWN since Apr 25th, 2023 at 72.63
The short-term trend has been DOWN since Jun 6th, 2023 at 68.44
Smart Scan Analysis for MCL.J24
Based on our trend formula, MCL.J24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).