Future Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
CRUDE OIL Dec 2022 (NYMEX:CL.Z22)
Long-Term Uptrend (+90) - CL.Z22 is in a strong uptrend that is likely to continue. While CL.Z22 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.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z22
The long-term trend has been UP since Dec 18th, 2020 at 46.66
The intermediate-term trend has been UP since Aug 29th, 2021 at 63.20
The short-term trend has been UP since Oct 20th, 2021 at 73.44
Smart Scan Analysis for CL.Z22
Based on our trend formula, CL.Z22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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