Future Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
CRUDE OIL Dec 2023 (NYMEX:CL.Z23)
Long-Term Uptrend (+90) - CL.Z23 is in a strong uptrend that is likely to continue. While CL.Z23 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.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 Aug 29th, 2021 at 59.33
The short-term trend has been UP since Oct 25th, 2021 at 66.50
Smart Scan Analysis for CL.Z23
Based on our trend formula, CL.Z23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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