Future Trend Analysis Report
Prepared for you on Wednesday, January 27, 2021.
CRUDE OIL Nov 2021 (NYMEX:CL.X21)
Strong Uptrend (+100) - CL.X21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.X21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Nov 9th, 2020 at 43.24
The short-term trend has been UP since Jan 26th, 2021 at 50.71
Smart Scan Analysis for CL.X21
Based on our trend formula, CL.X21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).