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.
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 Apr 14th, 2021 at 59.85
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).