Future Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
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.
MarketClub’s Trade Triangles for CL.N21
The long-term trend has been UP since Jul 8th, 2020 at 42.26
The intermediate-term trend has been UP since May 18th, 2020 at 34.40
The short-term trend has been UP since Aug 3rd, 2020 at 43.35
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).