Future Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
CRUDE OIL Sep 2022 (NYMEX:CL.U22)
Weak Downtrend (-65) - CL.U22 is showing signs of a strengthening downtrend. Monitor CL.U22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.U22
The long-term trend has been UP since Dec 18th, 2020 at 46.38
The intermediate-term trend has been DOWN since Jun 21st, 2022 at 104.28
The short-term trend has been DOWN since Jun 10th, 2022 at 114.47
Smart Scan Analysis for CL.U22
Based on our trend formula, CL.U22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).