Future Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
CRUDE OIL MAY 2020 (NYMEX:QCL.K20)
Sidelines Mode (-55) - QCL.K20 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 QCL.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCL.K20
The long-term trend has been DOWN since Feb 3rd, 2020 at 51.18
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 49.71
The short-term trend has been UP since Apr 2nd, 2020 at 21.75
Smart Scan Analysis for QCL.K20
Based on our trend formula, QCL.K20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||69.13||52wk High Date||2018-10-01|
|52wk Low||19.27||52wk Low Date||2020-03-30|