Future Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
CRUDE OIL Jan 2022 (NYMEX:CL.F22)
Crossroads (+60) - CL.F22 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jan 23rd, 2020 at 52.04
The intermediate-term trend has been UP since May 18th, 2020 at 35.74
The short-term trend has been UP since May 15th, 2020 at 35.59
Smart Scan Analysis for CL.F22
Based on our trend formula, CL.F22 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).