Future Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
CRUDE OIL Dec 2020 (NYMEX:CL.Z20)
Bull Market Weakness (+75) - CL.Z20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.Z20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CL.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z20
The long-term trend has been DOWN since Oct 2nd, 2020 at 37.11
The intermediate-term trend has been UP since Nov 10th, 2020 at 41.56
The short-term trend has been UP since Nov 16th, 2020 at 40.94
Smart Scan Analysis for CL.Z20
Based on our trend formula, CL.Z20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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