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Future Trend Analysis Report

Prepared for you on Monday, May 10, 2021.

CRUDE OIL Jun 2023 (NYMEX:CL.M23)

Strong Uptrend (+100) - CL.M23 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.M23 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
57.53 58.02 57.04 57.38 +0.08
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 Apr 13th, 2021 at 54.68

short term up The short-term trend has been UP since May 4th, 2021 at 56.61

Smart Scan Analysis for CL.M23

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

+100
Smart Scan Analysis for CL.M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
57.53 58.02 57.04 57.38 +0.08
Prev. Close Volume Bid Ask Time
57.15 2830 2021-05-10 13:03:25
First Delivery2023-06-30Expiration2023-05-22
Open Time09:00Close Time14:30
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