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Future Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

CRUDE OIL Nov 2020 (NYMEX:CL.X20)

Countertrend Up (+85) - CL.X20 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid CL.X20?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.X20.

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

NYMEX_CL.X20
Open High Low CL.X20 Price Change
42.54 42.76 41.70 42.16 -0.38
Entry Signal

MarketClub’s Trade Triangles for CL.X20

long term up The long-term trend has been UP since Jul 15th, 2020 at 41.49

intermediate term up The intermediate-term trend has been UP since May 17th, 2020 at 32.12

short term down The short-term trend has been DOWN since Aug 7th, 2020 at 41.94

Smart Scan Analysis for CL.X20

Based on our trend formula, CL.X20 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CL.X20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42.54 42.76 41.70 42.16 -0.38
Prev. Close Volume Bid Ask Time
37.43 67567 2020-08-07 16:59:11
First Delivery2020-11-30Expiration2020-10-20
Open Time18:00Close Time17:00
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