Future Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
CRUDE OIL Apr 2021 (NYMEX:CL.J21)
Countertrend Up (+85) - CL.J21 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.J21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.J21
The long-term trend has been UP since Nov 24th, 2020 at 45.23
The intermediate-term trend has been UP since Nov 10th, 2020 at 42.53
The short-term trend has been DOWN since Mar 1st, 2021 at 61.34
Smart Scan Analysis for CL.J21
Based on our trend formula, CL.J21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).