Future Trend Analysis Report
Prepared for you on Wednesday, December 1, 2021.
CRUDE OIL Jun 2024 (NYMEX:CL.M24)
Crossroads (-60) - CL.M24 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Sep 10th, 2021 at 58.39
The intermediate-term trend has been DOWN since Nov 26th, 2021 at 62.82
The short-term trend has been DOWN since Nov 26th, 2021 at 64.05
Smart Scan Analysis for CL.M24
Based on our trend formula, CL.M24 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).