Future Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
CRUDE OIL MICRO Dec 2022 (NYMEX:MCL.Z22)
Bear Market Rally (-75) - MCL.Z22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MCL.Z22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MCL.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCL.Z22
The long-term trend has been DOWN since Nov 19th, 2021 at 72.44
The intermediate-term trend has been DOWN since Nov 26th, 2021 at 70.50
The short-term trend has been UP since Dec 6th, 2021 at 64.61
Smart Scan Analysis for MCL.Z22
Based on our trend formula, MCL.Z22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).