Future Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
CRUDE OIL Oct 2021 (NYMEX:CL.V21)
Strong Downtrend (-100) - CL.V21 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Oct 2nd, 2020 at 40.98
The intermediate-term trend has been DOWN since Sep 3rd, 2020 at 44.46
The short-term trend has been DOWN since Oct 12th, 2020 at 42.23
Smart Scan Analysis for CL.V21
Based on our trend formula, CL.V21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).