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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.

NYMEX_QCL.V24
Open High Low QCL.V24 Price Change
73.05 73.55 73.05 73.38 +0.45
Entry Signal

MarketClub’s Trade Triangles for QCL.V24

long term down The long-term trend has been DOWN since Nov 16th, 2023 at 73.57

intermediate term down The intermediate-term trend has been DOWN since Nov 7th, 2023 at 76.30

short term up 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).

-85
Smart Scan Analysis for QCL.V24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.05 73.55 73.05 73.38 +0.45
Prev. Close Volume Bid Ask Time
71.99 158 73.31 73.33 2023-12-05 04:17:16
52wk High81.0152wk High Date2023-09-18
52wk Low65.4752wk Low Date2023-06-14
Volatility22.85Expiration2024-09-20
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