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Future Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

CRUDE OIL Dec 2020 (NYMEX:CL.Z20)

Bull Market Weakness (+75) - CL.Z20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.Z20 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CL.Z20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z20.

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

NYMEX_CL.Z20
Open High Low CL.Z20 Price Change
37.00 37.65 36.73 37.55 +0.56
Entry Signal

MarketClub’s Trade Triangles for CL.Z20

long term down The long-term trend has been DOWN since Feb 2nd, 2020 at 50.15

intermediate term up The intermediate-term trend has been UP since May 17th, 2020 at 32.77

short term up The short-term trend has been UP since May 29th, 2020 at 36.05

Smart Scan Analysis for CL.Z20

Based on our trend formula, CL.Z20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CL.Z20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.00 37.65 36.73 37.55 +0.56
Prev. Close Volume Bid Ask Time
33.34 9798 2020-06-02 05:23:36
First Delivery2020-12-31Expiration2020-11-20
Open Time09:00Close Time14:30
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