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Future Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

CRUDE OIL Jul 2020 (NYMEX:CL.N20)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NYMEX_CL.N20
Open High Low CL.N20 Price Change
52.15 52.36 51.73 51.99 +0.12
Entry Signal

MarketClub’s Trade Triangles for CL.N20

long term down The long term trend has been DOWN since May 31st, 2019 at 54.44

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2019 at 54.49

short term up The short term trend has been UP since Aug 12th, 2019 at 52.20

Smart Scan Analysis for CL.N20

Based on a pre-defined weighted trend formula for chart analysis, CL.N20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CL.N20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.15 52.36 51.73 51.99 +0.12
Prev. Close Volume Bid Ask Time
57.45 2612 2019-08-16 14:28:58
First Delivery2020-07-31Expiration2020-06-22
Open Time09:00Close Time14:30
Want to analyze CRUDE OIL Jul 2020 CL.N20 or another symbol? Try our Free Future Trend Analysis Report.