Future Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
CRUDE OIL Jun 2021 (NYMEX:CL.M21)
Strong Uptrend (+100) - CL.M21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.M21 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.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.M21
The long-term trend has been UP since Nov 24th, 2020 at 45.41
The intermediate-term trend has been UP since Nov 10th, 2020 at 42.91
The short-term trend has been UP since Nov 16th, 2020 at 42.52
Smart Scan Analysis for CL.M21
Based on our trend formula, CL.M21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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