Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

CRUDE OIL Apr 2024 (NYMEX:CL.J24)

Long-Term Uptrend (+90) - CL.J24 is in a strong uptrend that is likely to continue. While CL.J24 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.J24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J24.

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

NYMEX_CL.J24
Open High Low CL.J24 Price Change
84.54 85.08 83.88 83.99 -0.48
Entry Signal

MarketClub’s Trade Triangles for CL.J24

long term up The long-term trend has been UP since Jul 27th, 2023 at 76.59

intermediate term up The intermediate-term trend has been UP since Sep 1st, 2023 at 80.34

short term up The short-term trend has been UP since Sep 27th, 2023 at 83.72

Smart Scan Analysis for CL.J24

Based on our trend formula, CL.J24 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CL.J24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.54 85.08 83.88 83.99 -0.48
Prev. Close Volume Bid Ask Time
84.47 9166 2023-09-28 10:24:35
Expiration2024-03-20Open Time09:00
Close Time14:30
Get a free daily analysis and signals for CRUDE OIL Apr 2024 (CL.J24) - Request Your Free Report.