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Future Trend Analysis Report

Prepared for you on Friday, April 3, 2020.

CRUDE OIL Dec 2020 (NYMEX:CL.Z20)

Sidelines Mode (-55) - CL.Z20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

NYMEX_CL.Z20
Open High Low CL.Z20 Price Change
32.32 34.85 31.77 34.46 +2.28
Entry Signal

MarketClub’s Trade Triangles for CL.Z20

long term down The long-term trend has been DOWN since Feb 2nd, 2020 at 50.15

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2020 at 49.70

short term up The short-term trend has been UP since Apr 3rd, 2020 at 33.65

Smart Scan Analysis for CL.Z20

Based on our trend formula, CL.Z20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CL.Z20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.32 34.85 31.77 34.46 +2.28
Prev. Close Volume Bid Ask Time
33.34 157849 2020-04-03 16:59:05
First Delivery2020-12-31Expiration2020-11-20
Open Time18:00Close Time17:00
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