Future Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
CRUDE OIL Aug 2022 (NYMEX:CL.Q22)
Long-Term Uptrend (+90) - CL.Q22 is in a strong uptrend that is likely to continue. While CL.Q22 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.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 Sep 14th, 2021 at 66.83
The intermediate-term trend has been UP since Aug 29th, 2021 at 64.65
The short-term trend has been UP since Oct 1st, 2021 at 70.30
Smart Scan Analysis for CL.Q22
Based on our trend formula, CL.Q22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).