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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.

NYMEX_CL.Z22
Open High Low CL.Z22 Price Change
73.43 73.64 72.50 72.68 -0.83
Entry Signal

MarketClub’s Trade Triangles for CL.Z22

long term up The long-term trend has been UP since Dec 18th, 2020 at 46.66

intermediate term up The intermediate-term trend has been UP since Aug 29th, 2021 at 63.20

short term up 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).

+90
Smart Scan Analysis for CL.Z22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.43 73.64 72.50 72.68 -0.83
Prev. Close Volume Bid Ask Time
73.51 15783 2021-10-21 10:12:56
First Delivery2022-12-31Expiration2022-11-21
Open Time09:00Close Time14:30
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