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.
MarketClub’s Trade Triangles for CL.U20
The long-term trend has been DOWN since Feb 3rd, 2020 at 50.90
The intermediate-term trend has been UP since May 17th, 2020 at 30.96
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).
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