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Future Trend Analysis Report

Prepared for you on Wednesday, January 23, 2019.

CRUDE OIL Dec 2023 (NYMEX:CL.Z23)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.

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
54.10 54.10 54.10 53.75 -0.37
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 up The intermediate term trend has been UP since Jan 3rd, 2019 at 52.98

short term down The short term trend has been DOWN since Jan 16th, 2019 at 54.50

Smart Scan Analysis for CL.Z23

Based on a pre-defined weighted trend formula for chart analysis, CL.Z23 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for CL.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
54.10 54.10 54.10 53.75 -0.37
Prev. Close Volume Bid Ask Time
54.02 42 2019-01-16 10:40:35
First Delivery2023-12-31Expiration2023-11-21
Open Time18:00Close Time17:00
Want to analyze CRUDE OIL Dec 2023 CL.Z23 or another symbol? Try our Free Future Trend Analysis Report.