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Future Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

CRUDE OIL Sep 2020 (NYMEX:CL.U20)

Sidelines Mode (+55) - CL.U20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CL.U20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.U20.

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

NYMEX_CL.U20
Open High Low CL.U20 Price Change
34.30 34.55 33.43 34.39 +0.04
Entry Signal

MarketClub’s Trade Triangles for CL.U20

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 50.90

intermediate term up The intermediate-term trend has been UP since May 17th, 2020 at 30.96

short term down The short-term trend has been DOWN since May 22nd, 2020 at 32.67

Smart Scan Analysis for CL.U20

Based on our trend formula, CL.U20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CL.U20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
34.30 34.55 33.43 34.39 +0.04
Prev. Close Volume Bid Ask Time
30.79 4431 2020-05-25 03:21:10
First Delivery2020-09-30Expiration2020-08-20
Open Time09:00Close Time14:30
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