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Future Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

CRUDE OIL Dec 2024 (E) (NYMEX:CL.Z24.E)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

NYMEX_CL.Z24.E
Open High Low CL.Z24.E Price Change
55.02 55.02 55.02 56.02 +1.26
Entry Signal

MarketClub’s Trade Triangles for CL.Z24.E

long term up The long term trend has been UP since Jan 9th, 2018 at 52.94

intermediate term down The intermediate term trend has been DOWN since Oct 12th, 2018 at 56.23

short term down The short term trend has been DOWN since Oct 10th, 2018 at 58.72

Smart Scan Analysis for CL.Z24.E

Based on a pre-defined weighted trend formula for chart analysis, CL.Z24.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CL.Z24.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.02 55.02 55.02 56.02 +1.26
Prev. Close Volume Bid Ask Time
54.76 1 2018-10-19 14:36:46
Contract High58.77Contract High Date2016-09-28
Contract Low48Contract Low Date2016-01-20
Estimated Volume10First Delivery2024-12-31
Expiration2024-11-20Open Time18:00
Close Time17:00
Want to analyze CRUDE OIL Dec 2024 (E) CL.Z24.E or another symbol? Try our Free Future Trend Analysis Report.