Future Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
CRUDE OIL Oct 2020 (NYMEX:CL.V20)
Weak Downtrend (-65) - CL.V20 is showing signs of a strengthening downtrend. Monitor CL.V20 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.V20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.V20
The long-term trend has been DOWN since Feb 3rd, 2020 at 50.70
The intermediate-term trend has been DOWN since Jan 10th, 2020 at 56.28
The short-term trend has been UP since Feb 5th, 2020 at 51.50
Smart Scan Analysis for CL.V20
Based on our trend formula, CL.V20 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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