Future Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
CRUDE OIL MICRO Jun 2022 (NYMEX:MCL.M22)
Bull Market Weakness (+75) - MCL.M22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MCL.M22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MCL.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCL.M22
The long-term trend has been UP since Jan 6th, 2022 at 77.40
The intermediate-term trend has been UP since Dec 23rd, 2021 at 71.50
The short-term trend has been DOWN since Jan 20th, 2022 at 80.94
Smart Scan Analysis for MCL.M22
Based on our trend formula, MCL.M22 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).