Future Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
CRUDE OIL Nov 2024 (NYMEX:CL.X24)
Strong Downtrend (-100) - CL.X24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CL.X24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CL.X24?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.X24
The long-term trend has been DOWN since Nov 8th, 2023 at 73.79
The intermediate-term trend has been DOWN since Nov 7th, 2023 at 75.77
The short-term trend has been DOWN since Nov 30th, 2023 at 73.52
Smart Scan Analysis for CL.X24
Based on our trend formula, CL.X24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).