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Future Trend Analysis Report

Prepared for you on Monday, October 21, 2019.

CRUDE OIL Oct 2020 (NYMEX:CL.V20)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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.V20
Open High Low CL.V20 Price Change
51.62 51.91 51.62 51.89 +0.34
Entry Signal

MarketClub’s Trade Triangles for CL.V20

long term down The long term trend has been DOWN since May 14th, 2019 at 58.63

intermediate term down The intermediate term trend has been DOWN since Oct 1st, 2019 at 51.31

short term down The short term trend has been DOWN since Oct 16th, 2019 at 51.56

Smart Scan Analysis for CL.V20

Based on a pre-defined weighted trend formula for chart analysis, CL.V20 scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for CL.V20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.62 51.91 51.62 51.89 +0.34
Prev. Close Volume Bid Ask Time
49.82 683 2019-10-18 11:15:29
First Delivery2020-10-31Expiration2020-09-22
Open Time18:00Close Time17:00
Want to analyze CRUDE OIL Oct 2020 CL.V20 or another symbol? Try our Free Future Trend Analysis Report.