Future Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
CRUDE OIL Dec 2022 (NYMEX:CL.Z22)
Countertrend Up (+85) - CL.Z22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Nov 10th, 2020 at 43.94
The short-term trend has been DOWN since May 7th, 2021 at 58.17
Smart Scan Analysis for CL.Z22
Based on our trend formula, CL.Z22 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Open Time||18:00||Close Time||17:00|