Future Trend Analysis Report
Prepared for you on Monday, May 29, 2023.
CRUDE OIL Dec 2026 (NYMEX:CL.Z26)
Weak Downtrend (-65) - CL.Z26 is showing signs of a strengthening downtrend. Monitor CL.Z26 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.Z26?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z26.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z26
The long-term trend has been DOWN since Feb 3rd, 2023 at 63.32
The intermediate-term trend has been DOWN since May 2nd, 2023 at 63.10
The short-term trend has been DOWN since May 25th, 2023 at 61.70
Smart Scan Analysis for CL.Z26
Based on our trend formula, CL.Z26 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).