Future Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
CRUDE OIL MICRO May 2024 (NYMEX:MCL.K24)
Bull Market Weakness (+75) - MCL.K24 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MCL.K24 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MCL.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCL.K24
The long-term trend has been UP since Jul 7th, 2023 at 70.30
The intermediate-term trend has been UP since Jul 5th, 2023 at 67.01
The short-term trend has been UP since Aug 30th, 2023 at 78.40
Smart Scan Analysis for MCL.K24
Based on our trend formula, MCL.K24 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).