Future Trend Analysis Report
Prepared for you on Wednesday, June 23, 2021.
CRUDE OIL Aug 2022 (NYMEX:CL.Q22)
Countertrend Up (+85) - CL.Q22 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.Q22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Q22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Q22
The long-term trend has been UP since Dec 15th, 2020 at 45.16
The intermediate-term trend has been UP since May 11th, 2021 at 60.29
The short-term trend has been UP since Jun 22nd, 2021 at 64.65
Smart Scan Analysis for CL.Q22
Based on our trend formula, CL.Q22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).