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Future Trend Analysis Report

Prepared for you on Wednesday, September 28, 2022.

CRUDE OIL Mar 2023 (NYMEX:CL.H23)

Strong Downtrend (-100) - CL.H23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CL.H23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.H23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.H23.

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

NYMEX_CL.H23
Open High Low CL.H23 Price Change
74.59 75.08 73.70 73.86 -0.69
Entry Signal

MarketClub’s Trade Triangles for CL.H23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 86.28

intermediate term down The intermediate-term trend has been DOWN since Sep 6th, 2022 at 83.39

short term down The short-term trend has been DOWN since Sep 15th, 2022 at 82.11

Smart Scan Analysis for CL.H23

Based on our trend formula, CL.H23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.H23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
74.59 75.08 73.70 73.86 -0.69
Prev. Close Volume Bid Ask Time
74.55 4152 2022-09-28 02:00:26
Expiration2023-02-21Open Time09:00
Close Time14:30
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