Future Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
CRUDE OIL Jan 2021 (NYMEX:CL.F21)
Strong Uptrend (+100) - CL.F21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.F21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CL.F21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.F21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.F21
The long-term trend has been UP since Nov 24th, 2020 at 44.37
The intermediate-term trend has been UP since Nov 10th, 2020 at 41.81
The short-term trend has been UP since Dec 3rd, 2020 at 45.40
Smart Scan Analysis for CL.F21
Based on our trend formula, CL.F21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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