Future Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
CRUDE OIL Aug 2020 (E) (NYMEX:CL.Q20.E)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CL.Q20.E
The long term trend has been UP since Nov 8th, 2017 at 51.40
The intermediate term trend has been UP since Jul 26th, 2018 at 61.68
The short term trend has been DOWN since Aug 8th, 2018 at 60.58
Smart Scan Analysis for CL.Q20.E
Based on a pre-defined weighted trend formula for chart analysis, CL.Q20.E scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||61.92||Contract High Date||2018-07-30|
|Contract Low||49.9||Contract Low Date||2017-10-04|
|Estimated Volume||30||First Delivery||2020-08-31|