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Future Trend Analysis Report

Prepared for you on Monday, August 2, 2021.

CRUDE OIL Feb 2023 (NYMEX:CL.G23)

Weak Downtrend (-65) - CL.G23 is showing signs of a strengthening downtrend. Monitor CL.G23 as it may be building momentum to the downside.

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
61.96 61.96 61.69 61.98 -1.98
Entry Signal

MarketClub’s Trade Triangles for CL.G23

long term up The long-term trend has been UP since Sep 18th, 2020 at 43.66

intermediate term down The intermediate-term trend has been DOWN since Aug 2nd, 2021 at 63.00

short term down The short-term trend has been DOWN since Aug 2nd, 2021 at 62.00

Smart Scan Analysis for CL.G23

Based on our trend formula, CL.G23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CL.G23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.96 61.96 61.69 61.98 -1.98
Prev. Close Volume Bid Ask Time
63.00 1060 2021-08-02 13:01:10
Expiration2023-01-20Open Time18:00
Close Time17:00
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