Future Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
CRUDE OIL Jun 2020 (NYMEX:CL.M20)
Strong Downtrend (-100) - CL.M20 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CL.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.M20
The long-term trend has been DOWN since Feb 2nd, 2020 at 51.22
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 50.04
The short-term trend has been DOWN since Mar 27th, 2020 at 25.92
Smart Scan Analysis for CL.M20
Based on our trend formula, CL.M20 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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