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Future Trend Analysis Report

Prepared for you on Saturday, May 15, 2021.

CRUDE OIL Dec 2023 (NYMEX:CL.Z23)

Bull Market Weakness (+75) - CL.Z23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.Z23 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CL.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z23.

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

NYMEX_CL.Z23
Open High Low CL.Z23 Price Change
55.35 56.32 55.35 56.12 +0.29
Entry Signal

MarketClub’s Trade Triangles for CL.Z23

long term up The long-term trend has been UP since Jan 8th, 2021 at 46.08

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2021 at 53.62

short term down The short-term trend has been DOWN since May 13th, 2021 at 56.21

Smart Scan Analysis for CL.Z23

Based on our trend formula, CL.Z23 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CL.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.35 56.32 55.35 56.12 +0.29
Prev. Close Volume Bid Ask Time
56.00 4293 2021-05-14 16:07:59
First Delivery2023-12-31Expiration2023-11-20
Open Time18:00Close Time17:00
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