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.
MarketClub’s Trade Triangles for CL.U23
The long-term trend has been DOWN since Jul 5th, 2022 at 82.64
The intermediate-term trend has been UP since Jan 13th, 2023 at 79.06
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).