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Future Trend Analysis Report

Prepared for you on Wednesday, August 17, 2022.

MICRO WTI CRUDE OIL Oct 2022 (NYMEX:QMCL.V22)

Strong Downtrend (-100) - QMCL.V22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QMCL.V22 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid QMCL.V22?

MarketClub looks at technical strength and momentum to determine if the timing is right for QMCL.V22.

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

NYMEX_QMCL.V22
Open High Low QMCL.V22 Price Change
86.70 87.32 85.48 86.02 -0.14
Entry Signal

MarketClub’s Trade Triangles for QMCL.V22

long term down The long-term trend has been DOWN since Jul 6th, 2022 at 90.80

intermediate term down The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 102.32

short term down The short-term trend has been DOWN since Aug 16th, 2022 at 87.83

Smart Scan Analysis for QMCL.V22

Based on our trend formula, QMCL.V22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for QMCL.V22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
86.70 87.32 85.48 86.02 -0.14
Prev. Close Volume Bid Ask Time
86.16 9525 86.00 86.03 2022-08-17 07:02:05
52wk High11552wk High Date2022-06-09
52wk Low61.9852wk Low Date2021-12-02
Volatility43.5Expiration2022-09-19
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