Future Trend Analysis Report
Prepared for you on Thursday, December 2, 2021.
CRUDE OIL Nov 2022 (NYMEX:CL.X22)
Long-Term Downtrend (-90) - CL.X22 is in a strong downtrend that is likely to continue. While CL.X22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CL.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.X22
The long-term trend has been DOWN since Dec 1st, 2021 at 63.32
The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 71.00
The short-term trend has been DOWN since Nov 26th, 2021 at 71.49
Smart Scan Analysis for CL.X22
Based on our trend formula, CL.X22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).