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Future Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
CRUDE OIL Feb 2024 (NYMEX:CL.G24)
Long-Term Uptrend (+90) - CL.G24 is in a strong uptrend that is likely to continue. While CL.G24 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CL.G24?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.G24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CL.G24
The long-term trend has been UP since Jul 28th, 2023 at 77.73
The intermediate-term trend has been UP since Sep 1st, 2023 at 81.20
The short-term trend has been UP since Sep 27th, 2023 at 86.35
Smart Scan Analysis for CL.G24
Based on our trend formula, CL.G24 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 87.38 | 88.21 | 86.80 | 86.90 | -0.49 |
| Prev. Close | Volume | Bid | Ask | Time |
| 87.39 | 18998 | 2023-09-28 09:09:30 |
| Expiration | 2024-01-22 | Open Time | 09:00 |
| Close Time | 14:30 |