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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.

NYMEX_CL.X21
Open High Low CL.X21 Price Change
70.27 70.35 69.63 70.32 +0.22
Entry Signal

MarketClub’s Trade Triangles for CL.X21

long term up The long-term trend has been UP since Nov 24th, 2020 at 45.56

intermediate term down The intermediate-term trend has been DOWN since Jul 19th, 2021 at 68.73

short term down 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).

+60
Smart Scan Analysis for CL.X21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
70.27 70.35 69.63 70.32 +0.22
Prev. Close Volume Bid Ask Time
70.10 7120 2021-08-03 04:28:21
Expiration2021-10-20Open Time09:00
Close Time14:30
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