Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
CRUDE OIL Sep 2024 (NYMEX:CL.U24)
Long-Term Downtrend (-90) - CL.U24 is in a strong downtrend that is likely to continue. While CL.U24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CL.U24?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.U24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.U24
The long-term trend has been DOWN since Nov 8th, 2023 at 73.76
The intermediate-term trend has been DOWN since Nov 7th, 2023 at 76.54
The short-term trend has been DOWN since Nov 30th, 2023 at 73.91
Smart Scan Analysis for CL.U24
Based on our trend formula, CL.U24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).