Free Daily Analysis
Future Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
CRUDE OIL MICRO Nov 2023 (NYMEX:MCL.X23)
Sidelines Mode (+55) - MCL.X23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MCL.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.X23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MCL.X23
The long-term trend has been UP since Jul 28th, 2023 at 79.64
The intermediate-term trend has been UP since Aug 31st, 2023 at 83.00
The short-term trend has been DOWN since Sep 29th, 2023 at 90.41
Smart Scan Analysis for MCL.X23
Based on our trend formula, MCL.X23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 88.68 | 88.72 | 88.63 | 88.65 | +0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 90.78 | 65 | 2023-10-02 18:04:00 |
| Expiration | 2023-10-19 | Open Time | 18:00 |
| Close Time | 17:15 |