Future Trend Analysis Report
Prepared for you on Wednesday, May 25, 2022.
CRUDE OIL Jul 2022 (NYMEX:CL.N22)
Strong Uptrend (+100) - CL.N22 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.N22 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.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.N22
The long-term trend has been UP since Jan 11th, 2022 at 77.11
The intermediate-term trend has been UP since May 15th, 2022 at 109.53
The short-term trend has been UP since May 12th, 2022 at 104.55
Smart Scan Analysis for CL.N22
Based on our trend formula, CL.N22 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).