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Future Trend Analysis Report

Prepared for you on Thursday, August 13, 2020.

CRUDE OIL Oct 2020 (NYMEX:QCL.V20)

Long-Term Uptrend (+90) - QCL.V20 is in a strong uptrend that is likely to continue. While QCL.V20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid QCL.V20?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.V20.

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

NYMEX_QCL.V20
Open High Low QCL.V20 Price Change
42.62 42.84 42.58 42.62 +0.10
Entry Signal

MarketClub’s Trade Triangles for QCL.V20

long term up The long-term trend has been UP since Jul 21st, 2020 at 41.84

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 31.28

short term up The short-term trend has been UP since Aug 4th, 2020 at 41.49

Smart Scan Analysis for QCL.V20

Based on our trend formula, QCL.V20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for QCL.V20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42.62 42.84 42.58 42.62 +0.10
Prev. Close Volume Bid Ask Time
42.52 3129 42.62 42.63 2020-08-13 20:25:20
52wk High64.952wk High Date2018-10-18
52wk Low23.2652wk Low Date2020-04-22
Volatility62.03Expiration2020-09-22
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