Future Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
CRUDE OIL Dec 2020 (NYMEX:CL.Z20)
Crossroads (+60) - CL.Z20 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Feb 18th, 2020 at 52.64
The short-term trend has been UP since Feb 5th, 2020 at 50.96
Smart Scan Analysis for CL.Z20
Based on our trend formula, CL.Z20 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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