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.
MarketClub’s Trade Triangles for CL.Z20
The long-term trend has been DOWN since Feb 2nd, 2020 at 50.15
The intermediate-term trend has been UP since May 17th, 2020 at 32.77
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).
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