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Future Trend Analysis Report

Prepared for you on Tuesday, July 27, 2021.

CRUDE OIL Dec 2024 (NYMEX:CL.Z24)

Sidelines Mode (-55) - CL.Z24 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

NYMEX_CL.Z24
Open High Low CL.Z24 Price Change
55.44 55.95 55.44 55.42 -0.13
Entry Signal

MarketClub’s Trade Triangles for CL.Z24

long term up The long-term trend has been UP since Jan 13th, 2021 at 45.96

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2021 at 55.07

short term up The short-term trend has been UP since Jul 23rd, 2021 at 55.89

Smart Scan Analysis for CL.Z24

Based on our trend formula, CL.Z24 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CL.Z24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.44 55.95 55.44 55.42 -0.13
Prev. Close Volume Bid Ask Time
55.72 1971 2021-07-26 12:53:34
First Delivery2024-12-31Expiration2024-11-20
Open Time09:00Close Time14:30
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