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.
MarketClub’s Trade Triangles for CL.V20
The long-term trend has been UP since Jul 15th, 2020 at 41.43
The intermediate-term trend has been UP since May 17th, 2020 at 31.38
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).
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