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Future Trend Analysis Report

Prepared for you on Sunday, May 16, 2021.

CRUDE OIL Dec 2021 (NYMEX:CL.Z21)

Countertrend Up (+85) - CL.Z21 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.Z21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z21.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_CL.Z21
Open High Low CL.Z21 Price Change
62.21 63.54 61.77 63.42 +1.22
Entry Signal

MarketClub’s Trade Triangles for CL.Z21

long term up The long-term trend has been UP since Dec 10th, 2020 at 45.90

intermediate term up The intermediate-term trend has been UP since Feb 2nd, 2021 at 51.57

short term down The short-term trend has been DOWN since May 13th, 2021 at 62.65

Smart Scan Analysis for CL.Z21

Based on our trend formula, CL.Z21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CL.Z21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
62.21 63.54 61.77 63.42 +1.22
Prev. Close Volume Bid Ask Time
63.44 58756 2021-05-14 16:59:18
First Delivery2021-12-31Expiration2021-11-19
Open Time18:00Close Time17:00
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