Future Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
CRUDE OIL Aug 2021 (NYMEX:CL.Q21)
Strong Uptrend (+100) - CL.Q21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.Q21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CL.Q21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Q21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Q21
The long-term trend has been UP since Nov 24th, 2020 at 45.85
The intermediate-term trend has been UP since Apr 14th, 2021 at 61.50
The short-term trend has been UP since May 9th, 2021 at 65.40
Smart Scan Analysis for CL.Q21
Based on our trend formula, CL.Q21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).