Future Trend Analysis Report
Prepared for you on Thursday, August 11, 2022.
CRUDE OIL Nov 2023 (NYMEX:CL.X23)
Strong Downtrend (-100) - CL.X23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CL.X23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CL.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.X23
The long-term trend has been DOWN since Jul 18th, 2022 at 83.85
The intermediate-term trend has been DOWN since May 12th, 2022 at 87.39
The short-term trend has been DOWN since Jul 18th, 2022 at 83.85
Smart Scan Analysis for CL.X23
Based on our trend formula, CL.X23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).