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Future Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

CRUDE OIL Nov 2020 (NYMEX:CL.X20)

Bear Market Rally (-75) - CL.X20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CL.X20 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CL.X20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X20.

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

NYMEX_CL.X20
Open High Low CL.X20 Price Change
51.52 51.79 51.52 51.71 -1.15
Entry Signal

MarketClub’s Trade Triangles for CL.X20

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 50.50

intermediate term up The intermediate-term trend has been UP since Feb 16th, 2020 at 52.69

short term down The short-term trend has been DOWN since Feb 21st, 2020 at 52.56

Smart Scan Analysis for CL.X20

Based on our trend formula, CL.X20 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CL.X20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.52 51.79 51.52 51.71 -1.15
Prev. Close Volume Bid Ask Time
55.61 578 2020-02-23 19:16:01
First Delivery2020-11-30Expiration2020-10-20
Open Time09:00Close Time14:30
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