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.
MarketClub’s Trade Triangles for CL.Q21
The long-term trend has been UP since Nov 24th, 2020 at 45.85
The intermediate-term trend has been UP since Apr 14th, 2021 at 61.50
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).