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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.

NYMEX_CL.M24
Open High Low CL.M24 Price Change
74.43 74.56 72.77 72.84 -1.21
Entry Signal

MarketClub’s Trade Triangles for CL.M24

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 76.08

intermediate term up The intermediate-term trend has been UP since Jan 3rd, 2023 at 74.90

short term down 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).

-75
Smart Scan Analysis for CL.M24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
74.43 74.56 72.77 72.84 -1.21
Prev. Close Volume Bid Ask Time
75.25 4954 2023-01-30 17:28:42
Expiration2024-05-21Open Time09:00
Close Time14:30
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