Future Trend Analysis Report
Prepared for you on Saturday, September 18, 2021.
CRUDE OIL MICRO Nov 2021 (NYMEX:MCL.X21)
Bull Market Weakness (+75) - MCL.X21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MCL.X21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MCL.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCL.X21
The long-term trend has been DOWN since Jul 14th, 2021 at 71.46
The intermediate-term trend has been UP since Aug 29th, 2021 at 68.76
The short-term trend has been UP since Sep 10th, 2021 at 69.23
Smart Scan Analysis for MCL.X21
Based on our trend formula, MCL.X21 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).