Free Daily Analysis

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.

NYMEX_CL.Z22
Open High Low CL.Z22 Price Change
38.58 39.33 37.83 38.75 +0.23
Entry Signal

MarketClub’s Trade Triangles for CL.Z22

long term down The long-term trend has been DOWN since Jan 24th, 2020 at 49.53

intermediate term down The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 51.28

short term down 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).

-90
Smart Scan Analysis for CL.Z22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.58 39.33 37.83 38.75 +0.23
Prev. Close Volume Bid Ask Time
39.80 6907 2020-04-03 16:41:44
First Delivery2022-12-31Expiration2022-11-21
Open Time18:00Close Time17:00
Get a free daily analysis and signals for CRUDE OIL Dec 2022 (CL.Z22) - Request Your Free Report.