Future Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
CRUDE OIL May 2021 (NYMEX:CL.K21)
Countertrend Up (+85) - CL.K21 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.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.K21
The long-term trend has been UP since Nov 24th, 2020 at 45.42
The intermediate-term trend has been UP since Nov 10th, 2020 at 42.70
The short-term trend has been DOWN since Jan 15th, 2021 at 52.59
Smart Scan Analysis for CL.K21
Based on our trend formula, CL.K21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).