Future Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
CRUDE OIL Jan 2022 (NYMEX:CL.F22)
Long-Term Uptrend (+90) - CL.F22 is in a strong uptrend that is likely to continue. While CL.F22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Aug 29th, 2021 at 67.81
The short-term trend has been UP since Oct 24th, 2021 at 82.92
Smart Scan Analysis for CL.F22
Based on our trend formula, CL.F22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).