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Future Trend Analysis Report

Prepared for you on Saturday, October 24, 2020.

CRUDE OIL Oct 2021 (NYMEX:CL.V21)

Strong Downtrend (-100) - CL.V21 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.V21?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.V21.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_CL.V21
Open High Low CL.V21 Price Change
42.48 42.64 41.81 41.81 -0.67
Entry Signal

MarketClub’s Trade Triangles for CL.V21

long term down The long-term trend has been DOWN since Oct 2nd, 2020 at 40.98

intermediate term down The intermediate-term trend has been DOWN since Sep 3rd, 2020 at 44.46

short term down The short-term trend has been DOWN since Oct 12th, 2020 at 42.23

Smart Scan Analysis for CL.V21

Based on our trend formula, CL.V21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CL.V21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42.48 42.64 41.81 41.81 -0.67
Prev. Close Volume Bid Ask Time
41.61 731 2020-10-23 14:29:05
Expiration2021-09-21Open Time09:00
Close Time14:30
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