Future Trend Analysis Report
Prepared for you on Tuesday, April 13, 2021.
CRUDE OIL Jan 2023 (NYMEX:CL.F23)
Weak Uptrend (+65) - CL.F23 is showing signs of weakening momentum to the upside. Monitor CL.F23 as it may be in the beginning stages of a reversal.
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 UP since Dec 2nd, 2020 at 41.00
The intermediate-term trend has been UP since Dec 8th, 2020 at 44.50
The short-term trend has been DOWN since Mar 24th, 2021 at 55.03
Smart Scan Analysis for CL.F23
Based on our trend formula, CL.F23 is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).