Future Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
CRUDE OIL DECEMBER 2023 (NYMEX:QCL.Z23)
Bear Market Rally (-75) - QCL.Z23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QCL.Z23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QCL.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.Z23
The long-term trend has been DOWN since Nov 7th, 2023 at 77.03
The intermediate-term trend has been DOWN since Oct 4th, 2023 at 85.40
The short-term trend has been UP since Nov 20th, 2023 at 76.45
Smart Scan Analysis for QCL.Z23
Based on our trend formula, QCL.Z23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||93.92||52wk High Date||2022-06-14|
|52wk Low||37.89||52wk Low Date||2020-04-22|