Future Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
CRUDE OIL Jul 2024 (NYMEX:CL.N24)
Countertrend Up (+85) - CL.N24 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CL.N24?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.N24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.N24
The long-term trend has been UP since Jul 24th, 2023 at 74.20
The intermediate-term trend has been UP since Sep 1st, 2023 at 78.95
The short-term trend has been DOWN since Sep 20th, 2023 at 82.09
Smart Scan Analysis for CL.N24
Based on our trend formula, CL.N24 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).