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.
MarketClub’s Trade Triangles for QCL.N20
The long-term trend has been DOWN since Feb 3rd, 2020 at 51.64
The intermediate-term trend has been UP since May 14th, 2020 at 27.98
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).
|52wk High||62.95||52wk High Date||2020-01-07|
|52wk Low||17.27||52wk Low Date||2020-04-28|