Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

CRUDE OIL Nov 2021 (NYMEX:CL.X21)

Countertrend Up (+85) - CL.X21 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.X21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X21.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_CL.X21
Open High Low CL.X21 Price Change
83.34 84.09 81.30 83.87 +0.89
Entry Signal

MarketClub’s Trade Triangles for CL.X21

long term up The long-term trend has been UP since Nov 24th, 2020 at 45.56

intermediate term up The intermediate-term trend has been UP since Aug 29th, 2021 at 68.75

short term down The short-term trend has been DOWN since Oct 20th, 2021 at 82.05

Smart Scan Analysis for CL.X21

Based on our trend formula, CL.X21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CL.X21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
83.34 84.09 81.30 83.87 +0.89
Prev. Close Volume Bid Ask Time
84.25 25720 2021-10-20 14:28:34
Expiration2021-10-20Open Time09:00
Close Time14:30
Get a free daily analysis and signals for CRUDE OIL Nov 2021 (CL.X21) - Request Your Free Report.