Future Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
CRUDE OIL Dec 2023 (NYMEX:CL.Z23)
Bull Market Weakness (+75) - CL.Z23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.Z23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CL.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z23
The long-term trend has been UP since Jan 8th, 2021 at 46.08
The intermediate-term trend has been UP since Apr 6th, 2021 at 53.62
The short-term trend has been DOWN since May 13th, 2021 at 56.21
Smart Scan Analysis for CL.Z23
Based on our trend formula, CL.Z23 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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