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Future Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

CRUDE OIL MICRO Dec 2023 (NYMEX:MCL.Z23)

Crossroads (+60) - MCL.Z23 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.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for MCL.Z23.

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

NYMEX_MCL.Z23
Open High Low MCL.Z23 Price Change
72.50 73.21 70.55 70.55 -0.06
Entry Signal

MarketClub’s Trade Triangles for MCL.Z23

long term down The long-term trend has been DOWN since Mar 14th, 2023 at 71.14

intermediate term up The intermediate-term trend has been UP since Jun 4th, 2023 at 72.80

short term up The short-term trend has been UP since Jun 2nd, 2023 at 69.31

Smart Scan Analysis for MCL.Z23

Based on our trend formula, MCL.Z23 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for MCL.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
72.50 73.21 70.55 70.55 -0.06
Prev. Close Volume Bid Ask Time
70.60 233 2023-06-05 16:04:01
Expiration2023-11-17Open Time18:00
Close Time17:15
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