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Future Trend Analysis Report

Prepared for you on Wednesday, May 27, 2020.

CRUDE OIL JUNE 2020 (NYMEX:QCL.M20)

Bull Market Weakness (+75) - QCL.M20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QCL.M20 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid QCL.M20?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.M20.

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

NYMEX_QCL.M20
Open High Low QCL.M20 Price Change
32.83 33.44 31.34 32.36 +0.54
Entry Signal

MarketClub’s Trade Triangles for QCL.M20

long term down The long-term trend has been DOWN since Feb 2nd, 2020 at 51.92

intermediate term up The intermediate-term trend has been UP since May 14th, 2020 at 26.08

short term up The short-term trend has been UP since Apr 30th, 2020 at 16.73

Smart Scan Analysis for QCL.M20

Based on our trend formula, QCL.M20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for QCL.M20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.83 33.44 31.34 32.36 +0.54
Prev. Close Volume Bid Ask Time
31.82 0 2020-05-19 14:29:55
52wk High7152wk High Date2018-10-03
52wk Low6.552wk Low Date2020-04-21
Volatility164.32Expiration2020-05-19
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