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.
MarketClub’s Trade Triangles for CL.X21
The long-term trend has been UP since Nov 24th, 2020 at 45.56
The intermediate-term trend has been UP since Aug 29th, 2021 at 68.75
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).