Future Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
CRUDE OIL Feb 2022 (NYMEX:CL.G22)
Countertrend Up (+85) - CL.G22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Aug 29th, 2021 at 67.32
The short-term trend has been DOWN since Oct 27th, 2021 at 80.86
Smart Scan Analysis for CL.G22
Based on our trend formula, CL.G22 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).