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Future Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

CRUDE OIL Feb 2023 (NYMEX:CL.G23)

Countertrend Down (-85) - CL.G23 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid CL.G23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.G23.

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

NYMEX_CL.G23
Open High Low CL.G23 Price Change
87.63 89.01 85.70 87.52 +0.09
Entry Signal

MarketClub’s Trade Triangles for CL.G23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 86.81

intermediate term down The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 95.84

short term up The short-term trend has been UP since Aug 19th, 2022 at 87.71

Smart Scan Analysis for CL.G23

Based on our trend formula, CL.G23 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CL.G23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
87.63 89.01 85.70 87.52 +0.09
Prev. Close Volume Bid Ask Time
87.43 17224 2022-08-19 16:16:47
Expiration2023-01-20Open Time09:00
Close Time14:30
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