Future Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
CRUDE OIL Dec 2019 (NYMEX:CL.Z19)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.Z19
The long term trend has been DOWN since Nov 13th, 2018 at 60.80
The intermediate term trend has been UP since Jan 9th, 2019 at 53.50
The short term trend has been UP since Jan 17th, 2019 at 54.52
Smart Scan Analysis for CL.Z19
Based on a pre-defined weighted trend formula for chart analysis, CL.Z19 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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