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Future Trend Analysis Report

Prepared for you on Tuesday, May 26, 2020.

CRUDE OIL Jul 2020 (NYMEX:QCL.N20)

Bull Market Weakness (+75) - QCL.N20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QCL.N20 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid QCL.N20?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCL.N20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QCL.N20
Open High Low QCL.N20 Price Change
33.30 34.81 32.48 34.41 +1.16
Entry Signal

MarketClub’s Trade Triangles for QCL.N20

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 51.64

intermediate term up The intermediate-term trend has been UP since May 14th, 2020 at 27.98

short term up The short-term trend has been UP since May 25th, 2020 at 34.00

Smart Scan Analysis for QCL.N20

Based on our trend formula, QCL.N20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for QCL.N20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
33.30 34.81 32.48 34.41 +1.16
Prev. Close Volume Bid Ask Time
33.25 247874 34.40 34.41 2020-05-26 09:40:34
52wk High62.9552wk High Date2020-01-07
52wk Low17.2752wk Low Date2020-04-28
Volatility116.32Expiration2020-06-22
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