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Spread Trend Analysis Report

Prepared for you on Thursday, November 23, 2017.

CRUDE OIL Sep 2019/Dec 2019 Spread (NYMEX:CL.U19_Z19.E)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.

NYMEX_CL.U19_Z19.E
Open High Low CL.U19_Z19.E Price Change
0.44 0.47 0.41 0.46 +0.01
Entry Signal

MarketClub’s Trade Triangles for CL.U19_Z19.E

long term down The long term trend has been DOWN since at

intermediate term down The intermediate term trend has been DOWN since at

short term down The short term trend has been DOWN since at

Smart Scan Analysis for CL.U19_Z19.E

Based on a pre-defined weighted trend formula for chart analysis, CL.U19_Z19.E scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for CL.U19_Z19.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.44 0.47 0.41 0.46 +0.01
Prev. Close Volume Bid Ask Time
0.43 218 2017-11-22 17:41:53
Contract High0.45Contract High Date2017-11-06
Contract Low-0.49Contract Low Date2017-06-21
Open Time09:00Close Time14:30
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