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.
MarketClub’s Trade Triangles for CL.X20
The long-term trend has been DOWN since Feb 3rd, 2020 at 50.50
The intermediate-term trend has been UP since Feb 16th, 2020 at 52.69
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).
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