Future Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
CRUDE OIL May 2022 (NYMEX:CL.K22)
Long-Term Uptrend (+90) - CL.K22 is in a strong uptrend that is likely to continue. While CL.K22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CL.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.K22
The long-term trend has been UP since Jan 11th, 2022 at 78.67
The intermediate-term trend has been UP since Dec 23rd, 2021 at 72.10
The short-term trend has been UP since Jan 23rd, 2022 at 83.61
Smart Scan Analysis for CL.K22
Based on our trend formula, CL.K22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).