Future Trend Analysis Report
Prepared for you on Wednesday, June 3, 2020.
CRUDE OIL Mar 2022 (NYMEX:CL.H22)
Crossroads (-60) - CL.H22 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.H22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.H22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.H22
The long-term trend has been DOWN since Nov 20th, 2018 at 56.20
The intermediate-term trend has been UP since May 22nd, 2020 at 36.10
The short-term trend has been UP since May 14th, 2020 at 36.02
Smart Scan Analysis for CL.H22
Based on our trend formula, CL.H22 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).