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Future Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

CRUDE OIL Aug 2024 (NYMEX:QCL.Q24)

Strong Downtrend (-100) - QCL.Q24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QCL.Q24 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid QCL.Q24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.Q24.

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

NYMEX_QCL.Q24
Open High Low QCL.Q24 Price Change
72.48 72.65 70.08 70.27 -2.27
Entry Signal

MarketClub’s Trade Triangles for QCL.Q24

long term down The long-term trend has been DOWN since Nov 9th, 2023 at 74.30

intermediate term down The intermediate-term trend has been DOWN since Nov 7th, 2023 at 77.21

short term down The short-term trend has been DOWN since Dec 3rd, 2023 at 74.34

Smart Scan Analysis for QCL.Q24

Based on our trend formula, QCL.Q24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for QCL.Q24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
72.48 72.65 70.08 70.27 -2.27
Prev. Close Volume Bid Ask Time
72.54 5409 70.35 70.38 2023-12-06 12:33:21
52wk High82.4252wk High Date2023-09-15
52wk Low6552wk Low Date2023-03-17
Volatility23.72Expiration2024-07-22
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