Future Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
WTI HOUSTON CRUDE OIL May 2020 (NYMEX:QHCL.K20)
Long-Term Downtrend (-90) - QHCL.K20 is in a strong downtrend that is likely to continue. While QHCL.K20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QHCL.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for QHCL.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QHCL.K20
The long-term trend has been DOWN since Feb 3rd, 2020 at 54.64
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 52.34
The short-term trend has been DOWN since Mar 9th, 2020 at 48.41
Smart Scan Analysis for QHCL.K20
Based on our trend formula, QHCL.K20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||22||52wk High Date||2020-04-02|
|52wk Low||15.24||52wk Low Date||2020-04-01|