Future Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
CRUDE OIL Dec 2023 (NYMEX:CL.Z23)
Weak Downtrend (-65) - CL.Z23 is showing signs of a strengthening downtrend. Monitor CL.Z23 as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for CL.Z23
The long-term trend has been DOWN since Jan 23rd, 2020 at 50.19
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 50.20
The short-term trend has been UP since Apr 7th, 2020 at 41.00
Smart Scan Analysis for CL.Z23
Based on our trend formula, CL.Z23 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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