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Future Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

CRUDE OIL Oct 2020 (NYMEX:CL.V20)

Bull Market Weakness (+75) - CL.V20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.V20 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CL.V20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.V20.

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

NYMEX_CL.V20
Open High Low CL.V20 Price Change
42.19 42.44 41.69 41.82 -0.39
Entry Signal

MarketClub’s Trade Triangles for CL.V20

long term up The long-term trend has been UP since Jul 15th, 2020 at 41.43

intermediate term up The intermediate-term trend has been UP since May 17th, 2020 at 31.38

short term down The short-term trend has been DOWN since Aug 3rd, 2020 at 39.96

Smart Scan Analysis for CL.V20

Based on our trend formula, CL.V20 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CL.V20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42.19 42.44 41.69 41.82 -0.39
Prev. Close Volume Bid Ask Time
37.23 9864 2020-08-07 05:41:30
First Delivery2020-10-31Expiration2020-09-22
Open Time18:00Close Time17:00
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