Future Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
CRUDE OIL Oct 2024 (NYMEX:QCL.V24)
Countertrend Down (-85) - QCL.V24 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid QCL.V24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.V24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.V24
The long-term trend has been DOWN since Nov 16th, 2023 at 73.57
The intermediate-term trend has been DOWN since Nov 7th, 2023 at 76.30
The short-term trend has been UP since Nov 22nd, 2023 at 75.64
Smart Scan Analysis for QCL.V24
Based on our trend formula, QCL.V24 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||81.01||52wk High Date||2023-09-18|
|52wk Low||65.47||52wk Low Date||2023-06-14|