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Future Trend Analysis Report

Prepared for you on Tuesday, June 28, 2022.

CRUDE OIL May 2023 (NYMEX:CL.K23)

Crossroads (-60) - CL.K23 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.K23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.K23.

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

NYMEX_CL.K23
Open High Low CL.K23 Price Change
90.13 91.37 89.25 91.22 +1.43
Entry Signal

MarketClub’s Trade Triangles for CL.K23

long term up The long-term trend has been UP since Jan 25th, 2022 at 70.00

intermediate term down The intermediate-term trend has been DOWN since Jun 21st, 2022 at 92.53

short term down The short-term trend has been DOWN since Jun 10th, 2022 at 99.36

Smart Scan Analysis for CL.K23

Based on our trend formula, CL.K23 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CL.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
90.13 91.37 89.25 91.22 +1.43
Prev. Close Volume Bid Ask Time
91.30 893 2022-06-27 14:29:58
Expiration2023-04-20Open Time18:00
Close Time17:00
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