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Future Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

CRUDE OIL Dec 2023 (NYMEX:CL.Z23)

Long-Term Uptrend (+90) - CL.Z23 is in a strong uptrend that is likely to continue. While CL.Z23 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
66.29 66.67 66.14 66.43 +0.40
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 Aug 29th, 2021 at 59.33

short term up The short-term trend has been UP since Oct 25th, 2021 at 66.50

Smart Scan Analysis for CL.Z23

Based on our trend formula, CL.Z23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CL.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
66.29 66.67 66.14 66.43 +0.40
Prev. Close Volume Bid Ask Time
66.28 1042 2021-10-25 06:05:30
First Delivery2023-12-31Expiration2023-11-20
Open Time09:00Close Time14:30
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