Free Daily Analysis
Future Trend Analysis Report
Prepared for you on Wednesday, August 17, 2022.
CRUDE OIL Dec 2026 (NYMEX:CL.Z26)
Sidelines Mode (-55) - CL.Z26 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.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.
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MarketClub’s Trade Triangles for CL.Z26
The long-term trend has been DOWN since Jul 6th, 2022 at 65.44
The intermediate-term trend has been UP since Jul 27th, 2022 at 70.52
The short-term trend has been DOWN since Aug 5th, 2022 at 69.50
Smart Scan Analysis for CL.Z26
Based on our trend formula, CL.Z26 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 68.50 | 68.50 | 68.42 | 68.98 | -1.26 |
| Prev. Close | Volume | Bid | Ask | Time |
| 68.42 | 1744 | 2022-08-16 11:34:27 |
| Expiration | 2026-11-20 | Open Time | 18:00 |
| Close Time | 17:00 |