Future Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
CRUDE OIL May 2022 (NYMEX:CL.K22)
Weak Uptrend (+65) - CL.K22 is showing signs of weakening momentum to the upside. Monitor CL.K22 as it may be in the beginning stages of a reversal.
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 DOWN since Jul 19th, 2021 at 65.40
The short-term trend has been UP since Jul 22nd, 2021 at 66.20
Smart Scan Analysis for CL.K22
Based on our trend formula, CL.K22 is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).