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.
MarketClub’s Trade Triangles for QMCL.M24
The long-term trend has been DOWN since Nov 8th, 2023 at 75.20
The intermediate-term trend has been DOWN since Nov 7th, 2023 at 78.35
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).
|52wk High||83.8||52wk High Date||2023-09-18|
|52wk Low||65.65||52wk Low Date||2023-05-31|