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Future Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

CRUDE OIL Nov 2021 (NYMEX:CL.X21)

Long-Term Uptrend (+90) - CL.X21 is in a strong uptrend that is likely to continue. While CL.X21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
64.24 64.67 63.86 64.14 +0.01
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 Apr 14th, 2021 at 59.85

short term up The short-term trend has been UP since May 9th, 2021 at 63.84

Smart Scan Analysis for CL.X21

Based on our trend formula, CL.X21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CL.X21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
64.24 64.67 63.86 64.14 +0.01
Prev. Close Volume Bid Ask Time
64.13 1862 2021-05-12 04:35:02
Expiration2021-10-20Open Time09:00
Close Time14:30
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