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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.

NYMEX_CL.Z23
Open High Low CL.Z23 Price Change
41.30 41.33 41.30 41.33 +0.33
Entry Signal

MarketClub’s Trade Triangles for CL.Z23

long term down The long-term trend has been DOWN since Jan 23rd, 2020 at 50.19

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2020 at 50.20

short term up 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).

-65
Smart Scan Analysis for CL.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
41.30 41.33 41.30 41.33 +0.33
Prev. Close Volume Bid Ask Time
42.00 36 2020-04-09 06:51:30
First Delivery2023-12-31Expiration2023-11-20
Open Time09:00Close Time14:30
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