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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.

NYMEX_CL.V20
Open High Low CL.V20 Price Change
52.69 52.71 52.47 52.71 -0.10
Entry Signal

MarketClub’s Trade Triangles for CL.V20

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 50.70

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2020 at 56.28

short term up 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).

-65
Smart Scan Analysis for CL.V20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.69 52.71 52.47 52.71 -0.10
Prev. Close Volume Bid Ask Time
55.92 615 2020-02-17 12:22:34
First Delivery2020-10-31Expiration2020-09-22
Open Time09:00Close Time14:30
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