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Future Trend Analysis Report

Prepared for you on Tuesday, June 6, 2023.

CRUDE OIL Mar 2024 (NYMEX:QCL.H24)

Crossroads (-60) - QCL.H24 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 QCL.H24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.H24.

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

NYMEX_QCL.H24
Open High Low QCL.H24 Price Change
69.54 69.58 68.50 68.67 -1.07
Entry Signal

MarketClub’s Trade Triangles for QCL.H24

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 78.37

intermediate term up The intermediate-term trend has been UP since Jun 5th, 2023 at 71.52

short term up The short-term trend has been UP since Jun 5th, 2023 at 69.91

Smart Scan Analysis for QCL.H24

Based on our trend formula, QCL.H24 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for QCL.H24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
69.54 69.58 68.50 68.67 -1.07
Prev. Close Volume Bid Ask Time
69.74 1129 68.46 68.49 2023-06-06 03:55:40
52wk High88.4152wk High Date2022-06-07
52wk Low45.5852wk Low Date2020-12-18
Volatility29.77Expiration2024-02-20
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