Future Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
CRUDE OIL Dec 2022 (NYMEX:CL.Z22)
Long-Term Downtrend (-90) - CL.Z22 is in a strong downtrend that is likely to continue. While CL.Z22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CL.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Z22
The long-term trend has been DOWN since Jan 24th, 2020 at 49.53
The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 51.28
The short-term trend has been DOWN since Apr 1st, 2020 at 39.87
Smart Scan Analysis for CL.Z22
Based on our trend formula, CL.Z22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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