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Future Trend Analysis Report

Prepared for you on Friday, July 19, 2019.

CRUDE OIL Oct 2020 (NYMEX:CL.V20)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

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
56.60 56.60 56.60 56.60 +0.18
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 up The intermediate term trend has been UP since Jun 11th, 2019 at 51.50

short term up The short term trend has been UP since Jun 18th, 2019 at 52.70

Smart Scan Analysis for CL.V20

Based on a pre-defined weighted trend formula for chart analysis, CL.V20 scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for CL.V20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.60 56.60 56.60 56.60 +0.18
Prev. Close Volume Bid Ask Time
56.60 1 2019-07-16 10:07:20
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.