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Future Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

CRUDE OIL Mar 2023 (NYMEX:CL.H23)

Countertrend Up (+85) - CL.H23 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.H23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.H23.

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

NYMEX_CL.H23
Open High Low CL.H23 Price Change
75.20 75.20 75.20 75.68 0.00
Entry Signal

MarketClub’s Trade Triangles for CL.H23

long term up The long-term trend has been UP since Jan 11th, 2022 at 71.49

intermediate term up The intermediate-term trend has been UP since Dec 28th, 2021 at 67.50

short term up The short-term trend has been UP since Dec 28th, 2021 at 67.25

Smart Scan Analysis for CL.H23

Based on our trend formula, CL.H23 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CL.H23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
75.20 75.20 75.20 75.68 0.00
Prev. Close Volume Bid Ask Time
75.31 5648 2022-01-25 20:01:28
Expiration2023-02-21Open Time18:00
Close Time17:00
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