Future Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
CRUDE OIL Dec 2028 (NYMEX:CL.Z28)
Weak Downtrend (-65) - CL.Z28 is showing signs of a strengthening downtrend. Monitor CL.Z28 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.Z28?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z28.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z28
The long-term trend has been UP since Jul 18th, 2022 at 67.0
The intermediate-term trend has been DOWN since Aug 4th, 2022 at 67.1
The short-term trend has been DOWN since Aug 4th, 2022 at 67.1
Smart Scan Analysis for CL.Z28
Based on our trend formula, CL.Z28 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).