Future Trend Analysis Report
Prepared for you on Friday, April 16, 2021.
CRUDE OIL Feb 2022 (NYMEX:CL.G22)
Long-Term Uptrend (+90) - CL.G22 is in a strong uptrend that is likely to continue. While CL.G22 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.G22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.G22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.G22
The long-term trend has been UP since Aug 4th, 2020 at 42.23
The intermediate-term trend has been UP since Nov 25th, 2020 at 43.17
The short-term trend has been UP since Apr 12th, 2021 at 57.14
Smart Scan Analysis for CL.G22
Based on our trend formula, CL.G22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).