Free Daily Analysis
Future Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
CRUDE OIL Jan 2024 (NYMEX:CL.F24)
Bull Market Weakness (+75) - CL.F24 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.F24 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CL.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CL.F24
The long-term trend has been UP since Jul 27th, 2023 at 78.40
The intermediate-term trend has been UP since Aug 31st, 2023 at 81.75
The short-term trend has been DOWN since Sep 20th, 2023 at 87.31
Smart Scan Analysis for CL.F24
Based on our trend formula, CL.F24 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 87.18 | 87.39 | 86.66 | 86.71 | -0.05 |
| Prev. Close | Volume | Bid | Ask | Time |
| 87.01 | 9045 | 2023-09-25 05:36:56 |
| Expiration | 2023-12-19 | Open Time | 09:00 |
| Close Time | 14:30 |