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Future Trend Analysis Report

Prepared for you on Tuesday, January 31, 2023.

CRUDE OIL Jan 2024 (NYMEX:CL.F24)

Sidelines Mode (+55) - CL.F24 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CL.F24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.F24.

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

NYMEX_CL.F24
Open High Low CL.F24 Price Change
76.73 77.06 74.92 75.09 -1.40
Entry Signal

MarketClub’s Trade Triangles for CL.F24

long term up The long-term trend has been UP since Jan 23rd, 2023 at 78.88

intermediate term up The intermediate-term trend has been UP since Jan 3rd, 2023 at 77.09

short term down The short-term trend has been DOWN since Jan 27th, 2023 at 77.48

Smart Scan Analysis for CL.F24

Based on our trend formula, CL.F24 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CL.F24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
76.73 77.06 74.92 75.09 -1.40
Prev. Close Volume Bid Ask Time
77.95 2034 2023-01-30 17:28:52
Expiration2023-12-19Open Time09:00
Close Time14:30
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