Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Thursday, December 8, 2022.

CRUDE OIL Mar 2024 (NYMEX:CL.H24)

Crossroads (-60) - CL.H24 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CL.H24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.H24.

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

NYMEX_CL.H24
Open High Low CL.H24 Price Change
74.00 74.00 74.00 71.11 -3.00
Entry Signal

MarketClub’s Trade Triangles for CL.H24

long term down The long-term trend has been DOWN since Jul 11th, 2022 at 82.10

intermediate term up The intermediate-term trend has been UP since Dec 4th, 2022 at 76.17

short term up The short-term trend has been UP since Dec 4th, 2022 at 76.17

Smart Scan Analysis for CL.H24

Based on our trend formula, CL.H24 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CL.H24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
74.00 74.00 74.00 71.11 -3.00
Prev. Close Volume Bid Ask Time
74.00 6467 2022-12-06 10:35:59
Expiration2024-02-20Open Time18:00
Close Time17:00
Get a free daily analysis and signals for CRUDE OIL Mar 2024 (CL.H24) - Request Your Free Report.