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Future Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

CRUDE OIL Jun 2020 (NYMEX:CL.M20)

Crossroads (+60) - CL.M20 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.M20?

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

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

NYMEX_CL.M20
Open High Low CL.M20 Price Change
32.83 33.44 31.34 32.41 -0.33
Entry Signal

MarketClub’s Trade Triangles for CL.M20

long term down The long-term trend has been DOWN since Feb 2nd, 2020 at 51.22

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 CL.M20

Based on our trend formula, CL.M20 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CL.M20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.83 33.44 31.34 32.41 -0.33
Prev. Close Volume Bid Ask Time
24.18 18979 2020-05-19 14:29:20
First Delivery2020-06-30Expiration2020-05-19
Open Time09:00Close Time14:30
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