Free Daily Analysis

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.

NYMEX_CL.G22
Open High Low CL.G22 Price Change
79.70 79.87 78.01 79.66 +0.16
Entry Signal

MarketClub’s Trade Triangles for CL.G22

long term up The long-term trend has been UP since Aug 4th, 2020 at 42.23

intermediate term up The intermediate-term trend has been UP since Aug 29th, 2021 at 67.32

short term down 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).

+85
Smart Scan Analysis for CL.G22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
79.70 79.87 78.01 79.66 +0.16
Prev. Close Volume Bid Ask Time
79.50 29708 2021-10-28 11:00:06
Expiration2022-01-20Open Time18:00
Close Time17:00
Get a free daily analysis and signals for CRUDE OIL Feb 2022 (CL.G22) - Request Your Free Report.