Future Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
CRUDE OIL BRENT LAST DAY Jan 2019 (E) (NYMEX:BZ.F19.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 BZ.F19.E
The long term trend has been UP since Sep 1st, 2017 at 53.78
The intermediate term trend has been DOWN since Oct 18th, 2018 at 78.45
The short term trend has been DOWN since Oct 11th, 2018 at 82.33
Smart Scan Analysis for BZ.F19.E
Based on a pre-defined weighted trend formula for chart analysis, BZ.F19.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||86.25||Contract High Date||2018-10-03|
|Contract Low||59.06||Contract Low Date||2015-11-17|
|Open Time||18:00||Close Time||17:00|