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.
MarketClub’s Trade Triangles for CL.G23
The long-term trend has been UP since Sep 18th, 2020 at 43.66
The intermediate-term trend has been DOWN since Aug 2nd, 2021 at 63.00
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).