Analyze Symbol

Future Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

CRUDE OIL Sep 2020 (NYMEX:CL.U20)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NYMEX_CL.U20
Open High Low CL.U20 Price Change
52.02 52.87 51.85 52.87 +1.11
Entry Signal

MarketClub’s Trade Triangles for CL.U20

long term up The long term trend has been UP since Dec 5th, 2019 at 55.81

intermediate term down The intermediate term trend has been DOWN since Jan 9th, 2020 at 57.05

short term down The short term trend has been DOWN since Jan 21st, 2020 at 56.40

Smart Scan Analysis for CL.U20

Based on a pre-defined weighted trend formula for chart analysis, CL.U20 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CL.U20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.02 52.87 51.85 52.87 +1.11
Prev. Close Volume Bid Ask Time
56.35 25114 2020-01-28 16:59:30
First Delivery2020-09-30Expiration2020-08-20
Open Time18:00Close Time17:00
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