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Future Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

CRUDE OIL May 2020 (NYMEX:CL.K20)

Weak Downtrend (-65) - CL.K20 is showing signs of a strengthening downtrend. Monitor CL.K20 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CL.K20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.K20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_CL.K20
Open High Low CL.K20 Price Change
26.09 28.24 25.28 27.36 -1.64
Entry Signal

MarketClub’s Trade Triangles for CL.K20

long term down The long-term trend has been DOWN since Feb 2nd, 2020 at 51.18

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2020 at 49.85

short term up The short-term trend has been UP since Apr 2nd, 2020 at 21.75

Smart Scan Analysis for CL.K20

Based on our trend formula, CL.K20 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CL.K20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
26.09 28.24 25.28 27.36 -1.64
Prev. Close Volume Bid Ask Time
20.10 309501 2020-04-06 08:41:20
First Delivery2020-05-31Expiration2020-04-21
Open Time09:00Close Time14:30
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