Future Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
CRUDE OIL Sep 2020 (NYMEX:CL.U20)
Weak Downtrend (-65) - CL.U20 is showing signs of a strengthening downtrend. Monitor CL.U20 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CL.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.U20
The long-term trend has been DOWN since Feb 3rd, 2020 at 50.90
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 50.11
The short-term trend has been UP since Apr 3rd, 2020 at 31.16
Smart Scan Analysis for CL.U20
Based on our trend formula, CL.U20 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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