Future Trend Analysis Report
Prepared for you on Tuesday, July 7, 2020.
CRUDE OIL Jun 2021 (NYMEX:CL.M21)
Sidelines Mode (-55) - CL.M21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CL.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.M21
The long-term trend has been DOWN since Feb 26th, 2020 at 49.42
The intermediate-term trend has been UP since May 17th, 2020 at 34.89
The short-term trend has been DOWN since Jun 29th, 2020 at 39.33
Smart Scan Analysis for CL.M21
Based on our trend formula, CL.M21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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