Future Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
CRUDE OIL Jan 2022 (NYMEX:CL.F22)
Countertrend Up (+85) - CL.F22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CL.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.F22
The long-term trend has been UP since Nov 25th, 2020 at 45.45
The intermediate-term trend has been UP since Aug 29th, 2021 at 67.81
The short-term trend has been DOWN since Oct 22nd, 2021 at 80.99
Smart Scan Analysis for CL.F22
Based on our trend formula, CL.F22 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).