Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

CRUDE OIL Aug 2021 (NYMEX:CL.Q21)

Long-Term Uptrend (+90) - CL.Q21 is in a strong uptrend that is likely to continue. While CL.Q21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid CL.Q21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Q21.

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

NYMEX_CL.Q21
Open High Low CL.Q21 Price Change
65.03 65.68 64.72 64.99 +0.03
Entry Signal

MarketClub’s Trade Triangles for CL.Q21

long term up The long-term trend has been UP since Nov 24th, 2020 at 45.85

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2021 at 61.50

short term up The short-term trend has been UP since Apr 27th, 2021 at 61.97

Smart Scan Analysis for CL.Q21

Based on our trend formula, CL.Q21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CL.Q21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
65.03 65.68 64.72 64.99 +0.03
Prev. Close Volume Bid Ask Time
64.96 14321 2021-05-06 07:29:19
Expiration2021-07-20Open Time18:00
Close Time17:00
Get a free daily analysis and signals for CRUDE OIL Aug 2021 (CL.Q21) - Request Your Free Report.