Future Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
CRUDE OIL Oct 2023 (NYMEX:CL.V23)
Bull Market Weakness (+75) - CL.V23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.V23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CL.V23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.V23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.V23
The long-term trend has been UP since Apr 12th, 2023 at 80.60
The intermediate-term trend has been UP since Aug 31st, 2023 at 83.63
The short-term trend has been DOWN since Sep 20th, 2023 at 90.79
Smart Scan Analysis for CL.V23
Based on our trend formula, CL.V23 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).