Future Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
CRUDE OIL Dec 2024 (NYMEX:CL.Z24)
Weak Downtrend (-65) - CL.Z24 is showing signs of a strengthening downtrend. Monitor CL.Z24 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.Z24?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z24
The long-term trend has been DOWN since Jul 5th, 2022 at 73.40
The intermediate-term trend has been DOWN since Mar 9th, 2023 at 69.25
The short-term trend has been UP since Mar 27th, 2023 at 66.40
Smart Scan Analysis for CL.Z24
Based on our trend formula, CL.Z24 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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