Future Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
CRUDE OIL Feb 2022 (NYMEX:CL.G22)
Weak Downtrend (-65) - CL.G22 is showing signs of a strengthening downtrend. Monitor CL.G22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.G22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.G22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.G22
The long-term trend has been UP since Aug 4th, 2020 at 42.23
The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 77.58
The short-term trend has been DOWN since Nov 17th, 2021 at 77.61
Smart Scan Analysis for CL.G22
Based on our trend formula, CL.G22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).