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.
MarketClub’s Trade Triangles for CL.F24
The long-term trend has been DOWN since Nov 7th, 2023 at 77.10
The intermediate-term trend has been DOWN since Oct 4th, 2023 at 84.60
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).