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.
MarketClub’s Trade Triangles for CL.Z24.E
The long term trend has been UP since Jan 9th, 2018 at 52.94
The intermediate term trend has been DOWN since Oct 12th, 2018 at 56.23
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).
|Contract High||58.77||Contract High Date||2016-09-28|
|Contract Low||48||Contract Low Date||2016-01-20|
|Estimated Volume||10||First Delivery||2024-12-31|