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Future Trend Analysis Report

Prepared for you on Monday, February 6, 2023.

CRUDE OIL May 2024 (NYMEX:CL.K24)

Bear Market Rally (-75) - CL.K24 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CL.K24 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CL.K24?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.K24.

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

NYMEX_CL.K24
Open High Low CL.K24 Price Change
73.0 73.0 73.0 73.0 -0.4
Entry Signal

MarketClub’s Trade Triangles for CL.K24

long term down The long-term trend has been DOWN since Dec 7th, 2022 at 72.50

intermediate term up The intermediate-term trend has been UP since Jan 18th, 2023 at 76.15

short term down The short-term trend has been DOWN since Jan 31st, 2023 at 73.40

Smart Scan Analysis for CL.K24

Based on our trend formula, CL.K24 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CL.K24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.0 73.0 73.0 73.0 -0.4
Prev. Close Volume Bid Ask Time
76.3 1183 2023-01-31 17:28:40
Expiration2024-04-22Open Time18:00
Close Time17:00
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