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Future Trend Analysis Report

Prepared for you on Saturday, January 22, 2022.

CRUDE OIL Jun 2023 (NYMEX:CL.M23)

Bull Market Weakness (+75) - CL.M23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.M23 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CL.M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M23.

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

NYMEX_CL.M23
Open High Low CL.M23 Price Change
73.19 73.96 72.09 73.82 +0.36
Entry Signal

MarketClub’s Trade Triangles for CL.M23

long term up The long-term trend has been UP since Jan 5th, 2021 at 46.38

intermediate term up The intermediate-term trend has been UP since Dec 27th, 2021 at 67.38

short term down The short-term trend has been DOWN since Jan 20th, 2022 at 72.53

Smart Scan Analysis for CL.M23

Based on our trend formula, CL.M23 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CL.M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.19 73.96 72.09 73.82 +0.36
Prev. Close Volume Bid Ask Time
73.58 7709 2022-01-21 16:37:59
First Delivery2023-06-30Expiration2023-05-22
Open Time09:00Close Time14:30
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