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Future Trend Analysis Report

Prepared for you on Monday, January 30, 2023.

CRUDE OIL Sep 2023 (NYMEX:CL.U23)

Sidelines Mode (+50) - CL.U23 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CL.U23 can gain momentum.

Is it time to buy, sell, or avoid CL.U23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.U23.

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

NYMEX_CL.U23
Open High Low CL.U23 Price Change
79.31 79.43 77.13 78.13 -0.66
Entry Signal

MarketClub’s Trade Triangles for CL.U23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 82.64

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2023 at 79.06

short term up The short-term trend has been UP since Jan 27th, 2023 at 80.20

Smart Scan Analysis for CL.U23

Based on our trend formula, CL.U23 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for CL.U23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
79.31 79.43 77.13 78.13 -0.66
Prev. Close Volume Bid Ask Time
80.16 9826 2023-01-30 12:32:23
Expiration2023-08-22Open Time18:00
Close Time17:00
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