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Future Trend Analysis Report

Prepared for you on Friday, August 14, 2020.

CRUDE OIL Feb 2021 (NYMEX:CL.G21)

Long-Term Uptrend (+90) - CL.G21 is in a strong uptrend that is likely to continue. While CL.G21 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.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.

NYMEX_CL.G21
Open High Low CL.G21 Price Change
43.87 43.87 43.34 43.62 -0.14
Entry Signal

MarketClub’s Trade Triangles for CL.G21

long term up The long-term trend has been UP since Jul 6th, 2020 at 41.52

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 33.46

short term up The short-term trend has been UP since Aug 12th, 2020 at 43.65

Smart Scan Analysis for CL.G21

Based on our trend formula, CL.G21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CL.G21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
43.87 43.87 43.34 43.62 -0.14
Prev. Close Volume Bid Ask Time
38.04 4833 2020-08-14 10:28:25
Expiration2021-01-20Open Time18:00
Close Time17:00
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