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Future Trend Analysis Report

Prepared for you on Tuesday, May 11, 2021.

CRUDE OIL Jul 2021 (NYMEX:CL.N21)

Countertrend Up (+85) - CL.N21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
64.94 65.48 63.71 65.29 +0.41
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 Apr 14th, 2021 at 61.99

short term down The short-term trend has been DOWN since May 11th, 2021 at 63.89

Smart Scan Analysis for CL.N21

Based on our trend formula, CL.N21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CL.N21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
64.94 65.48 63.71 65.29 +0.41
Prev. Close Volume Bid Ask Time
64.88 162237 2021-05-11 14:30:25
Expiration2021-06-22Open Time09:00
Close Time14:30
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