Future Trend Analysis Report
Prepared for you on Friday, January 22, 2021.
CRUDE OIL Oct 2022 (NYMEX:CL.V22)
Countertrend Up (+85) - CL.V22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CL.V22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.V22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.V22
The long-term trend has been UP since Nov 25th, 2020 at 42.78
The intermediate-term trend has been UP since Nov 25th, 2020 at 42.78
The short-term trend has been UP since Jan 13th, 2021 at 45.15
Smart Scan Analysis for CL.V22
Based on our trend formula, CL.V22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).