Future Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
CRUDE OIL Feb 2021 (NYMEX:CL.G21)
Weak Downtrend (-65) - CL.G21 is showing signs of a strengthening downtrend. Monitor CL.G21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.G21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.G21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.G21
The long-term trend has been DOWN since Jan 26th, 2020 at 50.50
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 49.71
The short-term trend has been UP since Apr 2nd, 2020 at 34.60
Smart Scan Analysis for CL.G21
Based on our trend formula, CL.G21 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).