Future Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
CRUDE OIL Dec 2021 (NYMEX:CL.Z21)
Weak Downtrend (-65) - CL.Z21 is showing signs of a strengthening downtrend. Monitor CL.Z21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z21
The long-term trend has been DOWN since Jan 26th, 2020 at 49.20
The intermediate-term trend has been DOWN since Jan 9th, 2020 at 52.69
The short-term trend has been DOWN since Feb 14th, 2020 at 50.94
Smart Scan Analysis for CL.Z21
Based on our trend formula, CL.Z21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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