Future Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
CRUDE OIL Dec 2021 (NYMEX:CL.Z21)
Bull Market Weakness (+75) - CL.Z21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.Z21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CL.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z21
The long-term trend has been DOWN since Jan 26th, 2020 at 49.20
The intermediate-term trend has been UP since May 17th, 2020 at 36.00
The short-term trend has been UP since May 25th, 2020 at 38.29
Smart Scan Analysis for CL.Z21
Based on our trend formula, CL.Z21 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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