Future Trend Analysis Report
Prepared for you on Tuesday, September 21, 2021.
CRUDE OIL Sep 2022 (NYMEX:CL.U22)
Countertrend Up (+85) - CL.U22 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.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.U22
The long-term trend has been UP since Dec 18th, 2020 at 46.38
The intermediate-term trend has been UP since Aug 27th, 2021 at 64.18
The short-term trend has been DOWN since Sep 20th, 2021 at 66.05
Smart Scan Analysis for CL.U22
Based on our trend formula, CL.U22 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).