Spread Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
CRUDE OIL Jun 2020/Jun 2024 Spread (NYMEX:CL.M20_M24.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.M20_M24.E
The long term trend has been DOWN since at
The intermediate term trend has been DOWN since at
The short term trend has been DOWN since at
Smart Scan Analysis for CL.M20_M24.E
Based on a pre-defined weighted trend formula for chart analysis, CL.M20_M24.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1.4||Contract High Date||2017-11-22|
|Contract Low||-5.18||Contract Low Date||2017-07-13|
|Open Time||09:00||Close Time||14:30|