Future Trend Analysis Report
Prepared for you on Monday, January 30, 2023.
CRUDE OIL Jun 2024 (NYMEX:CL.M24)
Bear Market Rally (-75) - CL.M24 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CL.M24 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CL.M24?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.M24
The long-term trend has been DOWN since Jul 5th, 2022 at 76.08
The intermediate-term trend has been UP since Jan 3rd, 2023 at 74.90
The short-term trend has been DOWN since Jan 25th, 2023 at 75.20
Smart Scan Analysis for CL.M24
Based on our trend formula, CL.M24 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).