Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
CRUDE OIL Apr 2023 (NYMEX:CL.J23)
Sidelines Mode (-55) - CL.J23 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.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.J23
The long-term trend has been UP since Jan 5th, 2022 at 70.11
The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 93.65
The short-term trend has been UP since Jun 27th, 2022 at 91.66
Smart Scan Analysis for CL.J23
Based on our trend formula, CL.J23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).