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Future Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

CRUDE OIL May 2021 (NYMEX:CL.K21)

Strong Uptrend (+100) - CL.K21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.K21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid CL.K21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.K21.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_CL.K21
Open High Low CL.K21 Price Change
63.94 66.23 63.59 65.92 +2.26
Entry Signal

MarketClub’s Trade Triangles for CL.K21

long term up The long-term trend has been UP since Nov 24th, 2020 at 45.42

intermediate term up The intermediate-term trend has been UP since Nov 10th, 2020 at 42.70

short term up The short-term trend has been UP since Mar 4th, 2021 at 61.41

Smart Scan Analysis for CL.K21

Based on our trend formula, CL.K21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for CL.K21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
63.94 66.23 63.59 65.92 +2.26
Prev. Close Volume Bid Ask Time
66.08 207473 2021-03-05 16:59:47
Expiration2021-04-20Open Time09:00
Close Time14:30
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