Future Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
CRUDE OIL Jan 2022 (NYMEX:CL.F22)
Strong Uptrend (+100) - CL.F22 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.F22 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CL.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.F22
The long-term trend has been UP since Nov 25th, 2020 at 45.45
The intermediate-term trend has been UP since Feb 2nd, 2021 at 51.14
The short-term trend has been UP since May 9th, 2021 at 63.14
Smart Scan Analysis for CL.F22
Based on our trend formula, CL.F22 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).