Future Trend Analysis Report
Prepared for you on Tuesday, August 3, 2021.
CRUDE OIL Nov 2021 (NYMEX:CL.X21)
Crossroads (+60) - CL.X21 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CL.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.X21
The long-term trend has been UP since Nov 24th, 2020 at 45.56
The intermediate-term trend has been DOWN since Jul 19th, 2021 at 68.73
The short-term trend has been DOWN since Aug 2nd, 2021 at 71.27
Smart Scan Analysis for CL.X21
Based on our trend formula, CL.X21 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).