Future Trend Analysis Report
Prepared for you on Wednesday, December 1, 2021.
CRUDE OIL Jan 2023 (NYMEX:CL.F23)
Strong Downtrend (-100) - CL.F23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CL.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.F23
The long-term trend has been DOWN since Dec 1st, 2021 at 62.80
The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 70.12
The short-term trend has been DOWN since Nov 26th, 2021 at 69.30
Smart Scan Analysis for CL.F23
Based on our trend formula, CL.F23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).