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Future Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

CRUDE OIL MICRO Nov 2022 (NYMEX:MCL.X22)

Crossroads (-60) - MCL.X22 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.X22?

MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.X22.

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

NYMEX_MCL.X22
Open High Low MCL.X22 Price Change
91.61 93.02 90.35 92.13 +1.15
Entry Signal

MarketClub’s Trade Triangles for MCL.X22

long term up The long-term trend has been UP since Dec 6th, 2021 at 64.06

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2022 at 103.19

short term down The short-term trend has been DOWN since Jun 30th, 2022 at 101.71

Smart Scan Analysis for MCL.X22

Based on our trend formula, MCL.X22 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MCL.X22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
91.61 93.02 90.35 92.13 +1.15
Prev. Close Volume Bid Ask Time
90.98 122 2022-07-06 03:04:50
Expiration2022-10-19Open Time18:00
Close Time17:15
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