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Future Trend Analysis Report

Prepared for you on Sunday, May 19, 2019.

CRUDE OIL Dec 2023 (NYMEX:CL.Z23)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NYMEX_CL.Z23
Open High Low CL.Z23 Price Change
53.33 53.33 53.33 53.33 -0.01
Entry Signal

MarketClub’s Trade Triangles for CL.Z23

long term down The long term trend has been DOWN since Nov 20th, 2018 at 54.54

intermediate term down The intermediate term trend has been DOWN since May 2nd, 2019 at 54.00

short term down The short term trend has been DOWN since May 2nd, 2019 at 54.00

Smart Scan Analysis for CL.Z23

Based on a pre-defined weighted trend formula for chart analysis, CL.Z23 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for CL.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
53.33 53.33 53.33 53.33 -0.01
Prev. Close Volume Bid Ask Time
53.93 1 2019-05-16 14:20:38
First Delivery2023-12-31Expiration2023-11-20
Open Time09:00Close Time14:30
Want to analyze CRUDE OIL Dec 2023 CL.Z23 or another symbol? Try our Free Future Trend Analysis Report.