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.
MarketClub’s Trade Triangles for CL.M23
The long-term trend has been UP since Jan 5th, 2021 at 46.38
The intermediate-term trend has been UP since Apr 13th, 2021 at 54.68
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).
|Open Time||09:00||Close Time||14:30|