Future Trend Analysis Report
Prepared for you on Tuesday, September 26, 2023.
CRUDE OIL Dec 2023 (NYMEX:CL.Z23)
Countertrend Up (+85) - CL.Z23 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.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z23
The long-term trend has been UP since Jul 28th, 2023 at 79.05
The intermediate-term trend has been UP since Aug 31st, 2023 at 82.39
The short-term trend has been DOWN since Sep 26th, 2023 at 87.82
Smart Scan Analysis for CL.Z23
Based on our trend formula, CL.Z23 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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