Future Trend Analysis Report
Prepared for you on Wednesday, September 22, 2021.
CRUDE OIL MICRO Jul 2022 (NYMEX:MCL.N22)
Crossroads (-60) - MCL.N22 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.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCL.N22
The long-term trend has been DOWN since Aug 5th, 2021 at 63.66
The intermediate-term trend has been UP since Aug 30th, 2021 at 65.00
The short-term trend has been UP since Aug 25th, 2021 at 60.70
Smart Scan Analysis for MCL.N22
Based on our trend formula, MCL.N22 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).