Future Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
CRUDE OIL Aug 2020 (NYMEX:CL.Q20)
Crossroads (+60) - CL.Q20 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CL.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Q20
The long-term trend has been DOWN since Feb 2nd, 2020 at 51.10
The intermediate-term trend has been UP since May 17th, 2020 at 30.39
The short-term trend has been UP since May 29th, 2020 at 34.62
Smart Scan Analysis for CL.Q20
Based on our trend formula, CL.Q20 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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