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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.

NYMEX_CL.K21
Open High Low CL.K21 Price Change
52.58 52.80 52.55 52.76 +0.13
Entry Signal

MarketClub’s Trade Triangles for CL.K21

long term up The long-term trend has been UP since Nov 24th, 2020 at 45.42

intermediate term up The intermediate-term trend has been UP since Nov 10th, 2020 at 42.70

short term down 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).

+85
Smart Scan Analysis for CL.K21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.58 52.80 52.55 52.76 +0.13
Prev. Close Volume Bid Ask Time
40.84 397 2021-01-20 20:38:54
Expiration2021-04-20Open Time18:00
Close Time17:00
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