Future Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
CRUDE OIL Nov 2020 (NYMEX:CL.X20)
Sidelines Mode (-55) - CL.X20 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.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 DOWN since Feb 26th, 2020 at 50.01
The short-term trend has been UP since Apr 3rd, 2020 at 32.86
Smart Scan Analysis for CL.X20
Based on our trend formula, CL.X20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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