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Future Trend Analysis Report

Prepared for you on Sunday, October 2, 2022.

CRUDE OIL Jul 2023 (NYMEX:CL.N23)

Countertrend Down (-85) - CL.N23 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid CL.N23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.N23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_CL.N23
Open High Low CL.N23 Price Change
73.70 74.59 72.05 72.30 -1.54
Entry Signal

MarketClub’s Trade Triangles for CL.N23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 82.58

intermediate term down The intermediate-term trend has been DOWN since Sep 1st, 2022 at 80.55

short term up The short-term trend has been UP since Sep 29th, 2022 at 74.46

Smart Scan Analysis for CL.N23

Based on our trend formula, CL.N23 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CL.N23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.70 74.59 72.05 72.30 -1.54
Prev. Close Volume Bid Ask Time
72.41 4985 2022-09-30 15:02:00
Expiration2023-06-20Open Time09:00
Close Time14:30
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