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Future Trend Analysis Report

Prepared for you on Wednesday, November 29, 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
76.56 77.88 76.36 77.77 +1.19
Entry Signal

MarketClub’s Trade Triangles for CL.F24

long term down The long-term trend has been DOWN since Nov 7th, 2023 at 77.10

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2023 at 84.60

short term up The short-term trend has been UP since Nov 29th, 2023 at 76.98

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
76.56 77.88 76.36 77.77 +1.19
Prev. Close Volume Bid Ask Time
76.58 62792 2023-11-29 08:01:18
Expiration2023-12-19Open Time18:00
Close Time17:00
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