Future Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
CRUDE OIL Feb 2024 (NYMEX:CL.G24)
Strong Downtrend (-100) - CL.G24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CL.G24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CL.G24?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.G24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.G24
The long-term trend has been DOWN since Nov 7th, 2023 at 76.78
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 83.81
The short-term trend has been DOWN since Dec 1st, 2023 at 75.43
Smart Scan Analysis for CL.G24
Based on our trend formula, CL.G24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).