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.
MarketClub’s Trade Triangles for CL.K23
The long-term trend has been UP since Jan 25th, 2022 at 70.00
The intermediate-term trend has been DOWN since Jun 21st, 2022 at 92.53
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).