Future Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
CRUDE OIL Jul 2020 (NYMEX:CL.N20)
Bull Market Weakness (+75) - CL.N20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.N20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CL.N20?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.N20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.N20
The long-term trend has been DOWN since Feb 2nd, 2020 at 51.24
The intermediate-term trend has been UP since May 15th, 2020 at 29.41
The short-term trend has been UP since May 29th, 2020 at 34.22
Smart Scan Analysis for CL.N20
Based on our trend formula, CL.N20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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