Future Trend Analysis Report
Prepared for you on Tuesday, August 3, 2021.
CRUDE OIL Dec 2022 (NYMEX:CL.Z22)
Weak Downtrend (-65) - CL.Z22 is showing signs of a strengthening downtrend. Monitor CL.Z22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z22
The long-term trend has been UP since Dec 18th, 2020 at 46.66
The intermediate-term trend has been DOWN since Jul 19th, 2021 at 61.69
The short-term trend has been DOWN since Aug 2nd, 2021 at 63.88
Smart Scan Analysis for CL.Z22
Based on our trend formula, CL.Z22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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