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Future Trend Analysis Report

Prepared for you on Friday, August 12, 2022.

CRUDE OIL MICRO Oct 2022 (NYMEX:MCL.V22)

Countertrend Down (-85) - MCL.V22 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid MCL.V22?

MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.V22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_MCL.V22
Open High Low MCL.V22 Price Change
93.48 94.00 91.93 92.24 -0.93
Entry Signal

MarketClub’s Trade Triangles for MCL.V22

long term down The long-term trend has been DOWN since Jul 6th, 2022 at 90.80

intermediate term down The intermediate-term trend has been DOWN since Jun 21st, 2022 at 102.32

short term up The short-term trend has been UP since Aug 8th, 2022 at 89.70

Smart Scan Analysis for MCL.V22

Based on our trend formula, MCL.V22 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MCL.V22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
93.48 94.00 91.93 92.24 -0.93
Prev. Close Volume Bid Ask Time
93.17 2168 2022-08-12 08:01:33
Expiration2022-09-19Open Time18:00
Close Time17:15
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