Future Trend Analysis Report
Prepared for you on Sunday, September 26, 2021.
CRUDE OIL Jan 2023 (NYMEX:CL.F23)
Countertrend Up (+85) - CL.F23 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.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.F23
The long-term trend has been UP since Dec 2nd, 2020 at 41.00
The intermediate-term trend has been UP since Sep 1st, 2021 at 61.11
The short-term trend has been UP since Sep 23rd, 2021 at 64.92
Smart Scan Analysis for CL.F23
Based on our trend formula, CL.F23 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).