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Future Trend Analysis Report

Prepared for you on Tuesday, May 24, 2022.

MICRO WTI CRUDE OIL Jun 2022 (NYMEX:QMCL.M22)

Countertrend Up (+85) - QMCL.M22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid QMCL.M22?

MarketClub looks at technical strength and momentum to determine if the timing is right for QMCL.M22.

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

NYMEX_QMCL.M22
Open High Low QMCL.M22 Price Change
109.52 112.41 105.01 112.00 +2.41
Entry Signal

MarketClub’s Trade Triangles for QMCL.M22

long term up The long-term trend has been UP since Jan 11th, 2022 at 77.83

intermediate term up The intermediate-term trend has been UP since May 6th, 2022 at 109.18

short term down The short-term trend has been DOWN since May 19th, 2022 at 107.55

Smart Scan Analysis for QMCL.M22

Based on our trend formula, QMCL.M22 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for QMCL.M22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
109.52 112.41 105.01 112.00 +2.41
Prev. Close Volume Bid Ask Time
109.59 0 111.60 112.76 2022-05-19 14:28:11
52wk High12052wk High Date2022-03-08
52wk Low60.0152wk Low Date2021-08-19
Volatility55.11Expiration2022-05-19
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