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Future Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

CRUDE OIL Jul 2021 (NYMEX:CL.N21)

Long-Term Uptrend (+90) - CL.N21 is in a strong uptrend that is likely to continue. While CL.N21 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.N21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.N21.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_CL.N21
Open High Low CL.N21 Price Change
60.56 61.54 60.56 60.74 +0.62
Entry Signal

MarketClub’s Trade Triangles for CL.N21

long term up The long-term trend has been UP since Nov 24th, 2020 at 45.67

intermediate term up The intermediate-term trend has been UP since Nov 9th, 2020 at 43.03

short term up The short-term trend has been UP since Feb 22nd, 2021 at 59.01

Smart Scan Analysis for CL.N21

Based on our trend formula, CL.N21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CL.N21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
60.56 61.54 60.56 60.74 +0.62
Prev. Close Volume Bid Ask Time
60.21 2367 2021-03-01 07:00:47
Expiration2021-06-22Open Time18:00
Close Time17:00
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