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Future Trend Analysis Report

Prepared for you on Sunday, August 7, 2022.

CRUDE OIL Dec 2024 (NYMEX:CL.Z24)

Bear Market Rally (-75) - CL.Z24 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CL.Z24 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CL.Z24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z24.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_CL.Z24
Open High Low CL.Z24 Price Change
74.05 74.41 73.28 74.12 +0.02
Entry Signal

MarketClub’s Trade Triangles for CL.Z24

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 73.40

intermediate term up The intermediate-term trend has been UP since Aug 3rd, 2022 at 78.22

short term down The short-term trend has been DOWN since Aug 4th, 2022 at 75.09

Smart Scan Analysis for CL.Z24

Based on our trend formula, CL.Z24 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CL.Z24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
74.05 74.41 73.28 74.12 +0.02
Prev. Close Volume Bid Ask Time
73.77 4075 2022-08-05 16:28:03
First Delivery2024-12-31Expiration2024-11-20
Open Time09:00Close Time14:30
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