Future Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
CRUDE OIL Dec 2024 (NYMEX:CL.Z24)
Strong Uptrend (+100) - CL.Z24 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.Z24 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jan 3rd, 2022 at 63.40
The short-term trend has been UP since Jan 7th, 2022 at 63.97
Smart Scan Analysis for CL.Z24
Based on our trend formula, CL.Z24 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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