Future Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
CRUDE OIL Oct 2021 (NYMEX:CL.V21)
Bull Market Weakness (+75) - CL.V21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.V21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CL.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.V21
The long-term trend has been UP since Nov 25th, 2020 at 45.75
The intermediate-term trend has been UP since Apr 14th, 2021 at 60.32
The short-term trend has been DOWN since Apr 18th, 2021 at 61.64
Smart Scan Analysis for CL.V21
Based on our trend formula, CL.V21 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).