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Future Trend Analysis Report

Prepared for you on Monday, January 18, 2021.

CRUDE OIL Jun 2024 (NYMEX:CL.M24)

Countertrend Up (+85) - CL.M24 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid CL.M24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M24.

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

NYMEX_CL.M24
Open High Low CL.M24 Price Change
46.40 46.40 46.40 46.40 +0.69
Entry Signal

MarketClub’s Trade Triangles for CL.M24

long term up The long-term trend has been UP since Jan 12th, 2021 at 45.04

intermediate term up The intermediate-term trend has been UP since Dec 10th, 2020 at 44.77

short term up The short-term trend has been UP since Jan 12th, 2021 at 45.50

Smart Scan Analysis for CL.M24

Based on our trend formula, CL.M24 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CL.M24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
46.40 46.40 46.40 46.40 +0.69
Prev. Close Volume Bid Ask Time
42.43 3 2021-01-12 09:35:01
Expiration2024-05-21Open Time09:00
Close Time14:30
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