Future Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
CRUDE OIL Sep 2021 (NYMEX:CL.U21)
Bull Market Weakness (+75) - CL.U21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.U21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CL.U21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.U21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.U21
The long-term trend has been UP since Nov 24th, 2020 at 45.90
The intermediate-term trend has been UP since Apr 14th, 2021 at 60.92
The short-term trend has been DOWN since May 7th, 2021 at 64.03
Smart Scan Analysis for CL.U21
Based on our trend formula, CL.U21 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).