Future Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
CRUDE OIL Aug 2022 (NYMEX:CL.Q22)
Weak Downtrend (-65) - CL.Q22 is showing signs of a strengthening downtrend. Monitor CL.Q22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.Q22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Q22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Q22
The long-term trend has been UP since Jan 11th, 2022 at 76.30
The intermediate-term trend has been DOWN since Jun 17th, 2022 at 106.47
The short-term trend has been DOWN since Jun 10th, 2022 at 117.02
Smart Scan Analysis for CL.Q22
Based on our trend formula, CL.Q22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).