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.
MarketClub’s Trade Triangles for CL.Z21
The long-term trend has been UP since Dec 10th, 2020 at 45.90
The intermediate-term trend has been UP since Feb 2nd, 2021 at 51.57
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).
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