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Future Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

CRUDE OIL Dec 2023 (NYMEX:CL.Z23)

Countertrend Down (-85) - CL.Z23 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
81.38 81.41 80.95 81.03 -0.11
Entry Signal

MarketClub’s Trade Triangles for CL.Z23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 79.93

intermediate term down The intermediate-term trend has been DOWN since Jun 21st, 2022 at 86.69

short term up The short-term trend has been UP since Aug 18th, 2022 at 80.76

Smart Scan Analysis for CL.Z23

Based on our trend formula, CL.Z23 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CL.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
81.38 81.41 80.95 81.03 -0.11
Prev. Close Volume Bid Ask Time
81.14 333 2022-08-18 21:55:43
First Delivery2023-12-31Expiration2023-11-20
Open Time09:00Close Time14:30
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