Future Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
CRUDE OIL Apr 2022 (NYMEX:CL.J22)
Weak Downtrend (-65) - CL.J22 is showing signs of a strengthening downtrend. Monitor CL.J22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.J22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.J22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.J22
The long-term trend has been UP since Dec 10th, 2020 at 45.94
The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 75.81
The short-term trend has been DOWN since Nov 26th, 2021 at 74.64
Smart Scan Analysis for CL.J22
Based on our trend formula, CL.J22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).