Future Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
CRUDE OIL Jul 2021 (NYMEX:CL.N21)
Weak Downtrend (-65) - CL.N21 is showing signs of a strengthening downtrend. Monitor CL.N21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.N21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.N21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.N21
The long-term trend has been UP since Nov 24th, 2020 at 45.67
The intermediate-term trend has been DOWN since Mar 23rd, 2021 at 58.20
The short-term trend has been DOWN since Apr 12th, 2021 at 59.01
Smart Scan Analysis for CL.N21
Based on our trend formula, CL.N21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).