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Future Trend Analysis Report

Prepared for you on Wednesday, December 7, 2022.

CRUDE OIL Oct 2023 (NYMEX:CL.V23)

Strong Downtrend (-100) - CL.V23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CL.V23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.V23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.V23.

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

NYMEX_CL.V23
Open High Low CL.V23 Price Change
73.94 73.94 73.73 73.73 -0.61
Entry Signal

MarketClub’s Trade Triangles for CL.V23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 84.70

intermediate term down The intermediate-term trend has been DOWN since Nov 21st, 2022 at 75.04

short term down The short-term trend has been DOWN since Dec 5th, 2022 at 77.96

Smart Scan Analysis for CL.V23

Based on our trend formula, CL.V23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.V23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.94 73.94 73.73 73.73 -0.61
Prev. Close Volume Bid Ask Time
74.34 91 2022-12-07 03:53:06
Expiration2023-09-20Open Time18:00
Close Time17:00
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