Future Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
CRUDE OIL May 2022 (NYMEX:CL.K22)
Strong Uptrend (+100) - CL.K22 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.K22 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Nov 15th, 2019 at 50.95
The intermediate-term trend has been UP since Aug 29th, 2021 at 65.99
The short-term trend has been UP since Oct 1st, 2021 at 72.71
Smart Scan Analysis for CL.K22
Based on our trend formula, CL.K22 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).