Future Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
CRUDE OIL Apr 2021 (NYMEX:CL.J21)
Long-Term Uptrend (+90) - CL.J21 is in a strong uptrend that is likely to continue. While CL.J21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CL.J21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.J21
The long-term trend has been UP since Nov 24th, 2020 at 45.23
The intermediate-term trend has been UP since Nov 10th, 2020 at 42.53
The short-term trend has been UP since Mar 4th, 2021 at 61.60
Smart Scan Analysis for CL.J21
Based on our trend formula, CL.J21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).