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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.

NYMEX_CL.F23
Open High Low CL.F23 Price Change
62.95 64.56 61.92 62.44 +0.19
Entry Signal

MarketClub’s Trade Triangles for CL.F23

long term down The long-term trend has been DOWN since Dec 1st, 2021 at 62.80

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 70.12

short term down 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).

-100
Smart Scan Analysis for CL.F23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
62.95 64.56 61.92 62.44 +0.19
Prev. Close Volume Bid Ask Time
62.44 1466 2021-12-01 17:28:43
Expiration2022-12-20Open Time09:00
Close Time14:30
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