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Future Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

CRUDE OIL JANUARY 2023 (NYMEX:QCL.F23)

Long-Term Downtrend (-90) - QCL.F23 is in a strong downtrend that is likely to continue. While QCL.F23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid QCL.F23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.F23.

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

NYMEX_QCL.F23
Open High Low QCL.F23 Price Change
84.49 86.91 83.63 85.63 +0.50
Entry Signal

MarketClub’s Trade Triangles for QCL.F23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 87.70

intermediate term down The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 97.27

short term down The short-term trend has been DOWN since Aug 1st, 2022 at 88.10

Smart Scan Analysis for QCL.F23

Based on our trend formula, QCL.F23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QCL.F23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.49 86.91 83.63 85.63 +0.50
Prev. Close Volume Bid Ask Time
85.51 17689 85.70 85.73 2022-08-05 13:52:22
52wk High108.6352wk High Date2022-06-08
52wk Low39.0152wk Low Date2020-04-21
Volatility41.66Expiration2022-12-20
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