Future Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
CRUDE OIL (TAS) Jun 2021 (NYMEX:CLT.M21)
Bear Market Rally (-75) - CLT.M21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CLT.M21 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CLT.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLT.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLT.M21
The long-term trend has been DOWN since May 6th, 2020 at -1
The intermediate-term trend has been DOWN since Nov 23rd, 2020 at -1
The short-term trend has been UP since Jan 12th, 2021 at 1
Smart Scan Analysis for CLT.M21
Based on our trend formula, CLT.M21 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).