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Future Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

CRUDE OIL Jun 2023 (NYMEX:QCL.M23)

Long-Term Downtrend (-90) - QCL.M23 is in a strong downtrend that is likely to continue. While QCL.M23 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.M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.M23.

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

NYMEX_QCL.M23
Open High Low QCL.M23 Price Change
82.94 84.30 81.99 83.05 +0.72
Entry Signal

MarketClub’s Trade Triangles for QCL.M23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 83.09

intermediate term down The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 91.68

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 84.89

Smart Scan Analysis for QCL.M23

Based on our trend formula, QCL.M23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QCL.M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
82.94 84.30 81.99 83.05 +0.72
Prev. Close Volume Bid Ask Time
83.37 14358 83.06 83.11 2022-08-17 11:30:17
52wk High100.4852wk High Date2022-06-08
52wk Low37.1252wk Low Date2020-05-04
Volatility37.54Expiration2023-05-22
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