Future Trend Analysis Report
Prepared for you on Tuesday, July 27, 2021.
CRUDE OIL Dec 2024 (NYMEX:CL.Z24)
Sidelines Mode (-55) - CL.Z24 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CL.Z24?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z24
The long-term trend has been UP since Jan 13th, 2021 at 45.96
The intermediate-term trend has been DOWN since Jul 7th, 2021 at 55.07
The short-term trend has been UP since Jul 23rd, 2021 at 55.89
Smart Scan Analysis for CL.Z24
Based on our trend formula, CL.Z24 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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