Future Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
CRUDE OIL Mar 2022 (NYMEX:CL.H22)
Bull Market Weakness (+75) - CL.H22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.H22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CL.H22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.H22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.H22
The long-term trend has been UP since Dec 10th, 2020 at 45.00
The intermediate-term trend has been UP since Aug 29th, 2021 at 66.89
The short-term trend has been DOWN since Oct 27th, 2021 at 79.43
Smart Scan Analysis for CL.H22
Based on our trend formula, CL.H22 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).