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Future Trend Analysis Report

Prepared for you on Thursday, December 2, 2021.

CRUDE OIL Nov 2022 (NYMEX:CL.X22)

Long-Term Downtrend (-90) - CL.X22 is in a strong downtrend that is likely to continue. While CL.X22 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.X22?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X22.

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NYMEX_CL.X22
Open High Low CL.X22 Price Change
62.89 64.18 60.79 64.17 +1.24
Entry Signal

MarketClub’s Trade Triangles for CL.X22

long term down The long-term trend has been DOWN since Dec 1st, 2021 at 63.32

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 71.00

short term down The short-term trend has been DOWN since Nov 26th, 2021 at 71.49

Smart Scan Analysis for CL.X22

Based on our trend formula, CL.X22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.X22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
62.89 64.18 60.79 64.17 +1.24
Prev. Close Volume Bid Ask Time
64.17 4029 2021-12-02 17:28:42
Expiration2022-10-20Open Time18:00
Close Time17:00
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