Future Trend Analysis Report
Prepared for you on Monday, August 2, 2021.
CRUDE OIL Apr 2022 (NYMEX:CL.J22)
Crossroads (+60) - CL.J22 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.J22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.J22
The long-term trend has been UP since Dec 10th, 2020 at 45.94
The intermediate-term trend has been DOWN since Jul 19th, 2021 at 65.12
The short-term trend has been DOWN since Aug 2nd, 2021 at 67.23
Smart Scan Analysis for CL.J22
Based on our trend formula, CL.J22 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).