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Future Trend Analysis Report

Prepared for you on Tuesday, December 5, 2023.

MICRO WTI CRUDE OIL Jun 2024 (NYMEX:QMCL.M24)

Long-Term Downtrend (-90) - QMCL.M24 is in a strong downtrend that is likely to continue. While QMCL.M24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid QMCL.M24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QMCL.M24.

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

NYMEX_QMCL.M24
Open High Low QMCL.M24 Price Change
75.25 75.68 75.24 75.52 +0.05
Entry Signal

MarketClub’s Trade Triangles for QMCL.M24

long term down The long-term trend has been DOWN since Nov 8th, 2023 at 75.20

intermediate term down The intermediate-term trend has been DOWN since Nov 7th, 2023 at 78.35

short term down The short-term trend has been DOWN since Oct 24th, 2023 at 80.81

Smart Scan Analysis for QMCL.M24

Based on our trend formula, QMCL.M24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QMCL.M24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
75.25 75.68 75.24 75.52 +0.05
Prev. Close Volume Bid Ask Time
73.76 11 75.33 75.99 2023-12-01 08:31:55
52wk High83.852wk High Date2023-09-18
52wk Low65.6552wk Low Date2023-05-31
Volatility24.8Expiration2024-05-20
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