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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.

NYMEX_CL.Z22
Open High Low CL.Z22 Price Change
58.67 58.91 58.11 58.85 +0.09
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 Nov 10th, 2020 at 43.94

short term down 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).

+85
Smart Scan Analysis for CL.Z22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
58.67 58.91 58.11 58.85 +0.09
Prev. Close Volume Bid Ask Time
58.79 15607 2021-05-07 16:41:39
First Delivery2022-12-31Expiration2022-11-21
Open Time18:00Close Time17:00
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