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.
MarketClub’s Trade Triangles for CL.X20
The long-term trend has been UP since Jul 15th, 2020 at 41.49
The intermediate-term trend has been UP since May 17th, 2020 at 32.12
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).
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